Signing of Keizersgracht 124-128, a 17th century office building that has been adapted and transformed to become sustainable and modern.
On 5 July, Swiss Life Asset Managers France signed the deed of transfer of an entirely freehold, prestigious 3,289 sqm trophy office building in the canal district of the historic city centre of Amsterdam. The asset is entirely freehold, a unique find in the centre of Amsterdam.
A historic asset in a highly regarded neighbourhood
Keizersgracht 124-128 is a typical canal building built in the 17th century and listed as a historical monument in the heart of Amsterdam, in the Canal District ("Gracht"). Located on the main axis of Amsterdam's historic city centre, the train station is only 14 minutes away by walk and 5 minutes by bike. The excellent location, coupled with the building's high-end amenities, makes the asset a prestigious character, and a rarity on the market. Furthermore, the asset is fully leased to two first-class tenants, the main one being Europe's third largest FinTech company, Mollie.
A complete renovation to improve the ESG profile of the building
A major restructuring programme designed by HEYLIGERS architects was completed in 2021. The renovation preserves the building's historic integrity, while modernising the interior with an industrial design, and optimizing the ESG performance to reduce energy consumption and improve user comfort. The asset now benefits the EPA Energy label at A+++ level and now offers from the latest technical and services with restaurant areas, bicycle parking and shower areas.
Fabrice Lombardo, Director of Real Estate Activities at Swiss Life Asset Managers France, commented: "This acquisition from a private Dutch investor on behalf of MAIF demonstrates our ability to complete prestigious transactions in the prime office market in Europe.”
"The exceptional location of the building combined with its ESG qualities make it an asset that is fully in line with our responsible investment philosophy", added Philippe Laffitte, Head of Financial Assets Management - Real Assets at MAIF.