Real estate investment manager Redevco has bought the Reading Museum (Het Leesmuseum) building on Amsterdam’s Rokin Street from New York-listed PVH Corp.
Redevco paid €15m for the 18,000 sq ft, five-floor building.
Clemens Brenninkmeijer, managing director of Redevco Netherlands, said: “Rokin is receiving a substantial makeover through the Red Carpet project to create a tree-lined pedestrian boulevard with a large new underground car park. It will restore one of Amsterdam’s premier shopping streets to its past glory.”
Redevco was advised by Bouman Visscher van Limbeek; Appelhoven Real Estate Advisors advised PVH Corp.
• From October 2015: Hermes and Redevco form Euro retail jv to reduce exposure to UK real estate >>