VERMILION COMING TO ZUIDAS ZUIDAS - Vermilion Oil & Gas Netherlands has concluded
COMMERCIAL PROPERTY SALES ALREADY APPROACHING 2013 TOTAL
an agreement with Deka Immobilien GmbH for the lease of
ZUIDAS - Commercial property sales to investors over
offices in the Symphony building at Gustav Mahlerplein 3-117
the first six months of this year almost topped the total for
in Amsterdam’s Zuidas. The lease concerns 1,100 m in
all of 2013, according to real estate agents and advisers
office space.
DTZ Zadelhoff and Colliers. According to DTZ Zadelhoff,
2
the first half of 2014 recorded € 4.1 billion in investments in Dutch real estate – the highest level since the first half
THE EDGE NEW-BUILD IN GERMAN HANDS
of 2008. More than 50% of purchases – amounting to
ZUIDAS - German open-end property fund leader Deka
€ 2.4 billion – were made by foreign investors, according
Immobilien has purchased The Edge from the developer,
to figures released by Colliers. German investors have
OVG. Acquired for a reported sum of approximately
been particularly active, with the German Deka and
€ 200 million, the property will fetch annual rental profits
Union both buying several office buildings at Zuidas.
of € 14 million. Though unwilling to discuss particulars
Most recently, that included The Edge, a new-build project
of the transaction, Deka and OVG have indicated it is the
acquired by Deka for approximately € 200 million.
largest single asset deal of the year. Situated between the VU Medical Center and the A10 motorway in Amsterdam’s Zuidas, and currently still under construction, The Edge is a new-build project comprising 40,000 m2. The entire building will be taken into use this autumn under a longterm lease to the accountancy firm Deloitte and the AKD law firm. Previously, Deka also purchased the Vinoly, The Rock and Symphony buildings at Zuidas, the latter in a € 215 million sale that marked the largest single asset deal of 2013.
Photography Ingrid Arnou
15.