Cicerone Holding of Cicerone Fund, managed by Fabrica SGR and adviced by CBRE Global Investors, closed its seventh European deal, acquiring an office prime building in Amsterdam.
The circa 11,000 sqm office is fully let, anchored by the international law firm Baker McKenzie. On the ground floor there are two restaurants and one retail unit.
This iconic prime office building is located on the South Axis, opposite what will be a newly developed entrance to the train station. The South Axis is a key area for major law firms as well as offering various hotels, restaurants, cafés and amenities.
Fabrica was advised by CMS law firm.
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Giovanni Maria Benucci, Fabrica SGR’s CEO, said “We’re proud to announce a new deal for Cicerone Holding platform investment, coming just a few days after the iconic Brussels Mondrian Building acquisition. The operation is consistent with Cassa Forense’s investment strategy, focused on trophy assets in major European cities. The share of international asset allocation for Cicerone Fund reached 45%, in line with the investor’s geographic diversification needs”.