Avignon Capital, the European property investment firm and asset manager have completed a new lease transaction at its Danzigerkade building in Amsterdam to Polaroid.
Polaroid has signed a lease for the second floor (approximately 1,100 sq. m.) of the office building. Polaroid, best known for its instant films and cameras, will house the marketing and product development departments at this location.
Avignon Capital and Cedrus Invest Bank acquired the Danzigerkade building last year, which is located in the up-and-coming area of Houthaven in Amsterdam West, an area currently undergoing significant regeneration which has established itself as a creative hotspot, housing several major advertising agencies and clothing brand headquarters, such as Tommy Hilfiger, Calvin Klein and Hugo Boss.
Danzigerkade 16 is a modern and sustainable building, which has been developed to a high ‘Grade A’ specification with an EPC rating of ‘A++’, providing workspace for businesses in the creative sector.
The letting to Polaroid fits with the overarching asset management vision to create a vibrant office environment, which is home to tech orientated tenants that embody the characteristics of the building as part of their fit-out and brand.
Polaroid was advised by tenant advisor Solved and Cushman & Wakefield provided letting advise on the transaction.