Transaction
Corum Asset Management acquires PwC’s Dutch headquarters Westgate I in Amsterdam
August 31, 2023
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Corum Asset Management further expands their portfolio with the acquisition of Westgate I on behalf of its Corum Origin fund.
Westgate I serves as PwC’s Dutch headquarters together with the neighboring Westgate II office. Westgate I is located in Riekerpolder in Amsterdam and comprises over 28,000 sqm office space.
Erik Langens, Executive Director at CBRE, commented: ‘Now that long-term interest rates have begun to stabilize and yields have widened significantly, an increasing number of investors regard this period as an excellent entry period with attractive yields as evidenced with increased liquidity for Westgate I and for selected other transactions'.
The seller was advised by CBRE and Allen & Overy. Corum Asset Management was advised by DLA Piper and Arcadis.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
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