16.12.2019

Amundi Real Estate announces the acquisition of One Twenty – Allianz Tower in Rotterdam, NL

Amundi Real Estate, on behalf of its funds, announces the acquisition of One Twenty - Allianz Tower, 120 Coolsingel, located in the business district of Rotterdam, the second largest city in the Netherlands.

One Twenty - Allianz Tower is an office building of 19,000 sqm. spread over 20 floors, fully leased to the Allianz Group. The tower is currently under renovation with delivery scheduled for 1st June 2020. The building will offer office space, an auditorium, a staff restaurant and underground parking for 207 vehicles, in line with the highest modern-day standards.

Ideally located in the heart of the business district, "One Twenty - Allianz Tower" is very close to the subway, just two stops from Central Station.

"We are delighted with this new transaction in Rotterdam which strengthens our European presence and fits perfectly into our strategy to diversify through quality assets. The One Twenty - Allianz Tower is in a prime location, completely refurbished and leased to a renowned tenant, offering immediate and secure income over the long term", comments Jean-Marc Coly, CEO of Amundi Real Estate.

Amundi Real Estate was advised for this acquisition by L’Etoile Properties, BOAG and law firm Greenberg Traurig.

 

About Amundi Real Estate

Amundi Real Estate specialises in the development, structuring and management of real estate funds for retail investors, private banks, distributors, institutional investors, large companies and real estate professionals. Leader in France in terms of inflows and capitalisation in French open real estate funds (IEIF - September 2019), Amundi Real Estate’s assets under management total €35 billion*.

*Amundi Real Estate data as at 30 September 2019