Credit Suisse Asset Management has bought the Foreign Office Arch (FOA) building development in Amsterdam from Mahler4, a development joint venture of Fortis Ontwikkeling, G&S Vastgoed and ING Real Estate Development. The acquisition price is EUR 57.5 mln. The 13,000 m[sup]2[/sup] eight-storey property is part of the third development phase of the Mahler4 project. Construction will start at the end of 2007 and delivery is scheduled for the end of 2009.

Credit Suisse Asset Management has bought the Foreign Office Arch (FOA) building development in Amsterdam from Mahler4, a development joint venture of Fortis Ontwikkeling, G&S Vastgoed and ING Real Estate Development. The acquisition price is EUR 57.5 mln. The 13,000 m2 eight-storey property is part of the third development phase of the Mahler4 project. Construction will start at the end of 2007 and delivery is scheduled for the end of 2009.

Following this transaction, all buildings included in the Mahler4 project have been sold. Credit Suisse, which also owns the Viñoly building in Amsterdam, was advised by Van Gool Elburg Vastgoedspecialisten. The real estate consultant will be responsible for the management and the marketing of the FOA building.