AXA plots sustainable refurb in Rotterdam

AXA IM Alts has acquired a Rotterdam office building for a sustainable redevelopment and refurbishment project.

The investment manager acquired the 270,000 sq ft office building, located on Coolsingel in the centre of the city, from ABN AMRO, which will also take around 33,000 sq ft of space in the completed project.

AXA IM Alts and developer Provast retain much of the building’s structure in the redevelopment while  adding 64,500 sq ft of additional lettable floor space.

The redevelopment (rendered above), which will begin in Q3 2023, is targeting a BREEAM ‘Excellent’ rating, an A++++ energy label and WELL Platinum readiness.

Marc Kramer, head of development Benelux, at AXA IM Alts, said: “Demand continues to rise for high-quality office space with market-leading sustainability credentials. 

“In Rotterdam, the demand for this best-in-class space has been accelerated by the rapid growth of the city’s young professional population, which is increasingly attracting occupiers, particularly in the tech and financial services sectors, to workspace in Rotterdam’s CBD.”