Dutch project developer Fortress has sold the Spectrum office building and Teleport Towers in Amsterdam to financial services group Credit Suisse for an undisclosed sum. The acquisitions are earmarked for Credit Suisse's Real Estate International Fund.
Dutch project developer Fortress has sold the Spectrum office building and Teleport Towers in Amsterdam to financial services group Credit Suisse for an undisclosed sum. The acquisitions are earmarked for Credit Suisse's Real Estate International Fund.
The Spectrum building has a leasable area of 7,685 m2 and is fully let to temporary employment agency DPA Flex on a 10-year lease. The Teleport Towers have a leasable area of 12,199 m2 and are fully leased to flexible office space provider Regus. Both buildings are located in Amsterdam Teleport, a hub for high-tech and call centre firms.
Credit Suisse was advised on the transaction by legal firm Houthoff Buruma, technical consultant CVO International and 3stone Real Estate.
