Savills News

Union Investment’s office portfolio in Amsterdam’s CBD is fully let

Union Investment Real Estate GmbH, advised by Savills, has leased its entire office portfolio in Amsterdam’s CBD, better known as the South Axis. Union Investment owns approximately 14.5% of the current CBD office stock in Amsterdam, including ITO, SOM, UNStudio, Stibbe Court and Akzo Nobel buildings.



Tenant Statkraft expanded its lease agreement with an additional 500 sq m of office space on the 18th floor of the ITO building, snapping up the last available office space of the property. Statkraft is a leading international hydropower company and Europe’s largest generator of renewable energy. Savills renegotiated the lease agreement on behalf of the landlord.



By welcoming tenants CGLytics and Barclays to the second floor of SOM, this office building is now also fully let. CGLytics, a Corporate Governance analytics provider, has signed a lease agreement for 624 sq m. The British financial service provider Barclays signed a lease agreement for 774 sq m in the building. Union Investment was advised by Savills, together with NL Real Estate. CGLytics was advised by Cushman & Wakefield and Barclays by CBRE.


Michiel Bijmolt, Head of Leasing Amsterdam at Savills in the Netherlands, says: "These transactions are the result of a close, effective internal cooperation between our Agency and Property Management team. We are very pleased to have successfully leased all available office space for our client."


Savills manages the entire office portfolio of Union Investment on the Amsterdam South Axis. The real estate advisor has also been involved in the high quality refurbishment of the ITO, SOM and UNStudio entrance areas.

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