Nuveen Real Estate and G&S Vastgoed join forces for the future renovation of Prinses Irenestraat 59.
HighBrook Investors, an American private equity real estate investor, has sold the office building at Prinses Irenestraat 59 in Amsterdam to international real estate investor Nuveen Real Estate. Project developer G&S Vastgoed advises Nuveen Real Estate with regard to investigating the renovation possibilities of the office building. The building, built in the early 1970s, offers ample opportunity to add value to this location. With a total area of approximately 14,000 m2, it is one of the last properties with renovation potential on the Zuidas within walking distance of train station Amsterdam Zuid. The sale of the office building concerns a share transaction, the investment volume will not be disclosed.
Seller HighBrook Investors has been advised commercially by Cushman & Wakefield and asset manager Breevast, and legally by Loyens Loeff. Nuveen has been advised commercially by Van Gool Elburg Real Estate Specialists and legally by CMS Derks Star Busmann. G&S Vastgoed will act as a local partner for the future renovation of the asset.