German lender Helaba said it has been selected by South Korean investor Kiwoom Asset Management to act as arranger, agent and security agent in financing the acquisition of Queens Towers Amsterdam.
As part of the deal, Helaba is providing €78 mln on a five-year term.
The Queens Towers office property is a landmark complex comprising the three towers of Wilhelmina, Juliana and Beatrix with total floor space of 28,000 m2. The fully let towers are located in the West Axis of Amsterdam in the immediate vicinity of Lelylaan railway station and are occupied by tenants including the Dutch employee insurance agency UVW.
Michael Kröger, head of real estate finance international at Helaba, commented: 'We are delighted to be able to expand our portfolio in the dynamic Dutch market with this landmark real estate transaction. In addition, we are observing growing interest among Korean investors in European investments and are pleased to be able to support them in all markets as an experienced partner.'
