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
Barings Real Estate appoints Marco Court in Italy expansion
28 April 2017 | Milan | Reporter: Theo Andrew
In his new role, Corti will be responsible for increasing investment and asset management in the country
COIMA board appoints independent directors
28 April 2017 | Milan | Reporter: Theo Andrew
The appointments mean seven out of nine board members are now independent
Heimstaden expands Copenhagen portfolio for €118 million
27 April 2017 | Copenhagen | Reporter: Theo Andrew
Haimstaden currently has a number of projects underway in Copenhagen, including the Bjerglandsbyen development
New director of self-storage at W.P. Carey
27 April 2017 | New York | Reporter: Theo Andrew
Boulter joins from Wasatch Storage Partners, where he was vice president of business development
PGIM debt fund raises over £1 billion
27 April 2017 | London | Reporter: Theo Andrew
The fund raised more than 80 percent of the capital in the nine months following the UK’s vote to leave the EU in June
WELPUT fund sell £135 million London office
26 April 2017 | London | Reporter: Theo Andrew
The deal, made on behalf of Schroder’s West End of London Property Unit Trust (WELPUT) fund, reflects a net initial yield of 3.96 percent
Clifford Chance promotes Matt Taylor to real estate partner
26 April 2017 | London | Reporter: Theo Andrew
Taylor has been in the real estate arm of Clifford Chance for the past 10 years, joining the law firm in 2005 as a trainee solicitor