The c. 5,270 square metre office building located at Rembrandtplein in the historic city centre, was sold by funds managed by Abrdn and the acquisition completed in late December 2022.

The building, marketed as “Vector House”, is currently fully let to the single tenant Booking.com, one of the largest online travel agencies, occupying all of the office space of the seven-storey building. In addition to flexible floorplates of up to 1,000 square metres, which are uniquely large for the historic city centre, the building also boasts a private courtyard garden, several outdoor terraces and ample natural daylight thanks to its prime corner location.

Invesco and Henley plan to reposition the building, enhancing its already strong features by upgrading it to meet modern workplace design requirements and enhanced sustainability credentials of the EPC A rated building.

Justin Meissel, Chief Investment Officer and Managing Director Europe, Henley, said: “This building represents a perfect fit for our impact-led, value-add investing strategy. Vector House is already a high-quality building in a prime location, within a growing, dynamic gateway city. Compared to post-GFC, Amsterdam is benefitting from favourable supply-demand dynamics, with supply further constrained by limited development of large-scale grade A space in the city centre, and Dutch energy-efficiency requirements.

You can now read the full press release at the link below