Sarphati is located at Sarphatistraat 8-14, next to the Amstel River in the city center of Amsterdam on freehold land. The historical properties were originally constructed in 1880 and have recently been extensively renovated into an interconnected modern office building that is awarded EPC label A+. Sarphati measures approx. 2,034 sq.m office space with several entrances and is fully leased to a diverse tenant base. With the acquisition of Sarphati, the French leading multi-family office Intuitae has - on behalf of its clients - accomplished its first acquisition in the Netherlands.
Stijn Moll, partner Capital Markets at Cushman & Wakefield: "Despite the challenging market conditions, high-quality office buildings in the best locations can still count on sufficient interest from investors. The successful sale of Sarphati underlines the quality of this monumental building in the center of Amsterdam. We thank APF International for their trust and we look forward to further consolidating our long-term relationship."
“After an extensive renovation and successful leasing to various tenants, including MMS Group and Stories, we have successfully completed this project with the sale to Intuitae”, as stated by Jeroen Rothuijsen of APF International.
“This acquisition of a high-quality office complex reflects a long-term strategic vision in an opportunistic trend. Despite the current environment, and rising interest rates, high-quality assets benefiting from strategic fundamentals remain highly attractive with the aim of securing wealth for the next generations.”, comments Luc Granger, Partner at Intuitae.
During this transaction, APF received commercial advice from Cushman & Wakefield and legal advice from Osborn Clarke. Intuitae was advised by Sienna Real Estate (investment management), Atlas (tax), Drees & Sommer (technical), RCA (W&I), and Taylor Wessing (legal).