Edge acquires mixed-use asset in Amsterdam

European real estate investor and developer Edge has acquired the nieuwAmsterdam asset in Amsterdam-Zuidoost. 

nieuwAmsterdam

This acquisition, located at Bijlmerdreef 51, Hoekenrode 1-6, 8, 10, and Hoogoorddreef 50, expands Edge's presence in the area and highlights its strategy of acquiring existing properties with significant potential for added value.
The nieuwAmsterdam asset includes approximately 40,400 m2 of office, food and beverage, and hotel space. Its location next to the Bijlmer ArenA train station offers excellent connectivity to central Amsterdam and other destinations.
Edge plans to implement active asset management to improve the building's quality and long-term performance. A key aspect of this strategy is to enhance the building's sustainability, aiming for "Paris Proof" standards for operational carbon in the office areas. This will involve close collaboration with tenants to significantly improve energy efficiency beyond current levels.
Onno Saes, executive director Transactions at Edge, said: “This acquisition aligns with our strategy of acquiring standing assets in strategic locations where we can add value through active asset management in combination with our inhouse development skills. With its excellent transport links and future development potential, nieuwAmsterdam is a strong addition to our portfolio. Following our work on ING’s Cedar headquarters and the current redevelopment of ABN AMRO’s home base at Foppingadreef, we are excited to further improve the quality of assets in Amsterdam-Zuidoost.”
Berlin Hyp provided the financing for this acquisition, with legal representation from Van Doorne. Edge received advisory services from Loyens & Loeff and CBRE.