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Aviva Investors bets on the Amsterdam office market

The Zuiderhof II building in Amsterdam’s central business district

Aviva Investors continues to invest in sustainable office buildings in Amsterdam. The group has expanded its portfolio in the Dutch city with the acquisition of an asset known as Zuiderhof II in the heart of Amsterdam’s central business district.

The building provides 17,600 m2 of Grade-A office space spread over eight floors, with open and flexible floorplates ranging between 2,000 and 3,400 m2.

The building offers what Aviva Investors described as “exceptional sustainability credentials”, with an Energy Label rating of A and BREEAM In-Use certification of “Excellent”. Heat storage systems help to support sustainable heating and cooling of the building, alongside heat pumps and dry coolers for regeneration.

The asset also holds the WELL GOLD building standard, which recognises buildings that deliver spaces that enhance human health and well-being. 

“We are pleased to complete this deal, continuing the proactive growth of our European real estate portfolio in 2022, and to have increased our presence in the South Axis, one of Europe’s most dynamic and exciting office markets”, said George Fraser-Harding, Head of European Funds, Aviva Investors.

Zuiderhof II meets the group’s requirements for high-quality assets, he said, as well as providing “good long-term income streams, while its enviable sustainability credentials position it well within our ambitious climate transition strategy”.

The deal is the third major acquisition by Aviva Investors in Amsterdam’s financial district this year, after the FOZ building in the heart of Zuidas in March and the Vondel Portfolio in April.