Largest Deal In the Netherlands in 2013

Largest Deal In the Netherlands in 2013

Commercial News » Done Deals | By WPC Deals Team | December 20, 2013 10:33 AM ET

Philips Pension Fund has sold the Symphony Offices to Deka Immobilien GmbH for approximately €215.1 million ($294.5 million), making it the largest real estate transaction in the Netherlands in 2013 to date, according to CBRE. 

The prime office building is located at Amsterdam South Axis, the core business district in the Netherlands. It covers approximately 34,500 square meters of office space and offers 466 parking spaces in the underground parking garage.

The 27-floor tower is one of the last built landmark office towers located at the Amsterdam South Axis, according to CBRE. It is adjacent to a residential tower, Symphony Residence, and Crown Plaza hotel, which were part of the same original Symphony development project. 

Dutch architect Pi de Bruijn, Architecten Cie designed the office and residential buildings. 

Symphony Offices includes the high-rise tower as well as an integrated adjoining six-floor podium. The office space is almost fully leased to high-profile tenants such as APG, Prologis, Tata Consultancy, Arcadis and Holland Financial Centre.

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