REAL ESTATE – Credit Suisse Asset Management (CSAM) has bought an Amsterdam office complex for €174m (£117.27m) from ING Real Estate, which had the building on a long-term lease.
ING announced Credit Suisse has bought the complex on behalf of its Euroreal fund, the firm’s German real estate fund.
CSAM was advised in the transaction by Houthoff Buruma and Savills, ING Real Estate by DTZ Zadelhoff and Nauta Dutilh.
It is the fourth large office complex that the firm’s real estate arm has sold this year.
ING will invest the money from the transaction in the capital growth of ING, a spokesman told IPE.