Three new tenants for Motion Building in Amsterdam
Office building Motion Building has three new tenants for approximately 4,000 sq. m. of office space and 42 parking spaces. The tenants, Fontem Ventures, Priogen Holding and Mitek Systems, signed multi-year leases at the end of 2017. Motion Building is located at Radarweg 60 in Amsterdam Sloterdijk.
Floris Tummers, consultant at real estate advisor CBRE, advised the landlord in this transaction. He commented:
“The positive developments in Amsterdam Sloterdijk have transformed it into an urban business and residential area with a large number of facilities. This makes it really appealing to office users. Businesses that are already located in Sloterdijk are staying in the area, and an increasing number of national and international organisations from Amsterdam and beyond are relocating to Sloterdijk. Motion Building has really capitalised on this by carrying out major renovation work just at the right time.”
Fontem Ventures is leasing 1,781 sq. m. of office space, Priogen Holding is leasing 1,137 sq. m., and Mitek Systems signed for 1,126 sq. m. Earlier in 2017, Motion Building welcomed Orange Business Netherlands as a new tenant. The company leases 1,167 sq. m of office space.
Modern office building
Motion Building has been completely renovated using high-quality materials. The modern, full-service office building has large floors, a reception, meeting facilities, a restaurant, a coffee corner, patios with seating areas, and spacious parking facilities. There is still office space available in Motion Building.
Motion Building is located in the heart of Amsterdam Sloterdijk, close to the A10 ring road and the A5 motorway. Amsterdam Sloterdijk Railway Station is just 5 minutes’ walk away, and you can cycle to the centre of Amsterdam in only 15 minutes.
CBRE advised the landlord in this transaction, working closely with Cushman & Wakefield. JLL acted as advisor on behalf of Priogen Holding. Mitek Systems and Orange Business Netherlands were advised by Colliers International. Fontem Ventures was advised by Cushman & Wakefield.
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.