Commerzbank's fully owned real estate unit Commerz Real has acquired the Irdeto office project in the Beukenhorst Zuid office park on the western edge of Amsterdam - near Amsterdam Schiphol Airport - from Fortress Projektontwikkeling for EUR 34mln. The property is earmarked for Commerz Real's open-ended property fund hausInvest europa. The project, scheduled to be completed by the end of 2009, will have a gross lettable area of about 9,300 m[sup]2[/sup] and about 200 underground parking spaces. The office has already been let in its entirety to Irdeto Acces, a world leader in security technology.
Commerzbank's fully owned real estate unit Commerz Real has acquired the Irdeto office project in the Beukenhorst Zuid office park on the western edge of Amsterdam - near Amsterdam Schiphol Airport - from Fortress Projektontwikkeling for EUR 34mln. The property is earmarked for Commerz Real's open-ended property fund hausInvest europa. The project, scheduled to be completed by the end of 2009, will have a gross lettable area of about 9,300 m2 and about 200 underground parking spaces. The office has already been let in its entirety to Irdeto Acces, a world leader in security technology.
'Today, Dutch real estate accounts for a twelve percent share in the portfolio of our hausInvest europa property fund. The acquisition of Irdeto shows that the Netherlands as a dynamic growth market play an essential role in our European investment activities,' said Hans-Joachim Kühl, board member of Commerz Real in charge of real estate acquisitions.
