The building was awarded the BREEAM In-Use “Excellent” certificate and the EPC Label “A”, which allows it to be used in a Green Pfandbrief issued by Berlin Hyp, thus increasing the proportion of green financing in the portfolio.
Knight Frank Capital Advisory supported Aviva Investors throughout the transaction. Lisa Attenborough, Head of Debt Advisory at Knight Frank, said: “We’re delighted to have advised on the loan for FOZ, a highly sustainable building in the heart of Amsterdam, which also importantly boosts our client’s green financing portfolio.”
George Fraser-Harding, Fund Manager at Aviva Investors, said: “We are very happy to have acquired FOZ, an iconic building located prominently at the centre of one of Europe’s most dynamic office markets. As well as being in keeping with our wider climate transition strategy, sitting alongside our work to actively decarbonise existing inefficient real estate assets, this building is also reflective of our continued ambition in continental Europe, a market we believe offers great potential to deliver long-term performance in client portfolios.”