Monarch & CK Capital acquire Teleport Towers in Amsterdam

CK Capital Partners (CK) and Monarch Alternative Capital LP (Monarch) have recently acquired the Teleport Towers office building in Amsterdam. The vendor was a fund managed by Credit Suisse Asset Management. The building at Kingsfordweg 151-241 comprises a total lettable floor area of 12,318 square meters with car parking offering 127 parking spaces.

Teleport Towers is an iconic and modern office building designed by Alberts & Van Huut International Architects and was constructed in 1999. The property is located in the Amsterdam Sloterdijk area, which is one of Amsterdam’s main office locations. The Sloterdijk area is being transformed from a traditionally mono business district into a multi-functional area offering various services and facilities. The building is leased to a number of different companies with Regus being its anchor and largest tenant.

CK Capital Partners and Monarch were advised by CBRE (commercial), Loyens & Loeff (legal), and SGS Search (technically). Credit Suisse Asset Management was advised by Clifford Chance.

For more information about this transaction please contact Pieter Schuddebeurs, Senior Consultant Capital Markets at CBRE (pieter.schuddebeurs@cbre.com).