State Street acquires Maincourt office building in Amsterdam from Marathon

State Street Global Advisors Ireland LTD (SSGA), on behalf of real estate fund Weesperstraat 6 BV, has acquired the office building 'Maincourt' at La Guardiaweg 4 in Amsterdam at a price of EUR24,350,000. 

The seller is a fund affiliated with MCAP Global Finance (UK) LLP, the European subsidiary of New York headquartered Marathon Asset Management LP (Marathon).
 
The property is located in Amsterdam Sloterdijk and comprises approximately 5,600 sq m of recently refurbished office space and 80 parking spaces.
 
The building is leased on a long-term basis to Bouwinvest, a specialist asset manager in real estate for pension funds and insurers. In addition to an energy label A, Maincourt has a BREEAM Very Good certificate.
 
Jan de Quay, Head of Investment at Savills in the Netherlands, says: “Core offices in Amsterdam remain highly attractive to international and domestic buyers and we are delighted to have advised our client on the acquisition of Maincourt, a best in class asset with very high ESG credentials.”
 
Savills advised State Street both technically and commercially, Houthoff acted as legal counsel. Marathon was advised by Cushman & Wakefield and Loyens & Loeff.