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 (firstname.lastname@example.org).
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.