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.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Segro raises £573 million in share placing
28 March 2017 | London | Reporter: Theo Andrew
Segro has successfully placed 166 million shares, raising gross proceeds of £573 million to finance its purchase of the Airport Property Partnership
Rockspring sells part of Spanish portfolio
28 March 2017 | Madrid | Reporter: Theo Andrew
Rockspring has sold part of a Spanish retail portfolio to Group Lar for €110.7 million, on behalf of a separate account mandate
LaSalle sells Nike store in Glasgow
27 March 2017 | Glasgow | Reporter: Theo Andrew
Redevco has acquired a high street retail asset in the Nike flagship store on Buchanan Street in Glasgow, for £29 million in an off-market deal
L&G invests in Bath buy-to-rent scheme
27 March 2017 | Bath | Reporter: Theo Andrew
Legal & General has acquired a city centre development in Bath for £47.5 million, and plans to develop 171 build-to-rent homes
Deutsche Bank plans new HQ in London
27 March 2017 | London | Reporter: Mark Dugdale
Deutsche Bank has signalled its commitment to staying in the UK post-Brexit by entering into negotiations over a new headquarters in London
Gothenburg office scored for SEK 1.26bn
27 March 2017 | Gothenburg | Reporter: Theo Andrew
Atrium Ljungberg has acquired an office building in Gothenburg, Sweden, for SEK 1.26 billion
New York property acquired for $19.3 million
24 March 2017 | New York | Reporter: Katherine Brown
Avanath Capital Management has acquired a residential asset at Grand Pointe Park in Poughkeepsie, New York, for $19.3 million