Sienna Real Estate acquires Naritaweg 163-173 in Amsterdam on behalf of Paniscus Real Estate

Amsterdam, July 7, 2022 – Paniscus Real Estate acquires Naritaweg 163-173 in Amsterdam from an affiliate of Harbert European Real Estate Fund V, L.P. (in joint-management with Quan Investors). The acquisition is financed in cooperation with the Rabobank.

The Naritaweg 163-173 in Amsterdam is a modern and representative office building located in Sloterdijk with an energy label A. The office includes c. 4,300 m² of office space and sufficient underground parking spaces. Since its completion in 2001, the property has been fully let to Citco Nederland. Citco is an independent group of companies focused entirely on the management of alternative investment funds, investors, corporations, and private clients. Citco is a leader in international financing and closely involved in the Eurobond and hedge fund markets.

Paniscus Real Estate was advised in this transaction by Sienna Real Estate (former L’Etoile Properties), Van Dijk & Ten Cate, DFLS and Drees & Sommer. The seller was advised by Quan’s QB Management, CBRE and Greenberg Traurig. Sienna Real Estate will manage the property on behalf of Paniscus Real Estate.


About Sienna Investment Managers

Sienna Investment Managers is GBL’s alternative investment and real asset platform, with offices in Amsterdam, Luxembourg, London, Paris, Hamburg, Madrid and Seoul. Sienna further expanded its third-party asset management business in 2021 with the acquisition of L’Etoile Properties. Sienna now oversees €33.7 billion (of which €3.2 billion in permanent capital or NAV) on behalf of its shareholder GBL and international clients. This is mainly done through real estate assets, investments in private market funds, but also through direct investments in shares of unlisted companies.

Over a period of seven years, Sienna has built a reputation for quality performance and has strengthened its platform to reach investors outside the GBL group with its expertise. Building on its experience and the good name of the group, Sienna aims to become a European leader in the management of alternative and real third-party assets over time.

www.sienna-im.com

 

About GBL

Groupe Bruxelles Lambert (“GBL”) is an established investment holding company that has been listed on the stock exchange for over sixty years. At the end of December 2021, the group had a net asset value of €22.5 billion and a market capitalization of €15.3 billion. The group is a leading investor in Europe.

GBL is committed to long-term value creation, relying on stable and solid family shareholders. GBL strives for diversification and quality in its portfolio. For example, it chooses international companies that are leaders in their sector and for which it can offer added value as a professional investor. GBL aims to offer its shareholders an attractive return.

www.gbl.be/nl


For information you can contact
Sienna Investment Managers
Jake Out
Senior Analyst Acquisitions
Herengracht 562
1017 CH Amsterdam
T: +31 6 46452773
E: jake.out@sienna-im.com

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