First Sponsor to acquire Amsterdam office property for $88.6 mil

SINGAPORE (Dec 26): First Sponsor Group has entered into a sale and purchase agreement for the proposed acquisition of the majority apartment rights of a mixed use office building in Amsterdam, the Netherlands, for 55.5 million euros ($88.6 million).

Meerparc is a five-storey strata-titled freehold property located in the South Axis, the main central business district of Amsterdam.

The property sits on a site area of 9,744 sqm, and has a lettable floor area which includes 12,200 sqm of office space and 4,618 sqm of retail/commercial space.

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