16 February 2017
Amsterdam
Reporter: Theo Andrew
Amsterdam office sells for €55 million
The German Real I.S Group has acquired the Alpha Tower in Amsterdam on behalf of its Real I.S BGV VI alternative investment fund, for €55 million.

The 22,000-square metre, 22-storey office building was sold by capital investment company Commerz Real Estate and is currently fully occupied by 25 tenants.

Renovated in 2015, the property has a reception area with an adjoining conference centre as well as an underground garage.

Situated in the Arena area of Amsterdam, the office is well connected by public transport to the city centre, and is next to the A9 and the A10 motorways, making Schiphol Airport and other nationwide destinations easily accessible.

The Alpha Tower marks the BGV VI fund’s twelfth investment and, according to the group, is in line with its strategy of core and core plus investments in the Benelux countries, as well as Germany and France.

Jochen Schenk, a member of the Real I.S. management board, said: “In the Alpha Tower we have acquired a state-of-the-art property in one of Amsterdam’s largest office sub-markets.”

He added: “The Southeast sub-market to the north is distinguished by its very good location as well as its multi functional usage and diversified tenant structure.”

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