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Multi-scope Due Diligence, Office Complex - Amsterdam, Netherlands

Project Location 
Amsterdam, Netherlands
Client 
Confidential
Sector
Office
Completion Date 
Thursday, November 1, 2018

About the Project

Partner provided due diligence services in support of the acquisition of an office complex, consisting of two conjoined buildings totaling approximately 17,000 m2 LFA / 19,457 m2 GFA in the mixed-use Amsterdam Sloterdijk area. The site was constructed in 1971, renovated in 1997, and scheduled for extensive refurbishment/modernisation in 2019.

Our client was a global investment management group operating from London. With combined occupancy at 42%, this site presented a value-add opportunity that suited their acquisition criteria, pending environmental and technical assessment. Partner provided these assessments, including a Property Condition Building Survey and a Phase I Environmental Site Assessment. Further to the Phase I, Partner was selected to oversee a subsurface investigation associated with an unused fuel oil underground storage tank and subsequent removal of the tank to KIVA certification.

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