MGPA, the private equity real estate investment adviser, has announced the renewal of a lease contract with global electronics company Sony Benelux for its Amsterdam-based Skyline Plaza Building. Sony intends to use the building as its flagship HQ for the Benelux region with new products on display to the general public. Under the agreement, Sony has committed to a new 6,900 m[sup]2[/sup] lease for a period of 12 years.
MGPA, the private equity real estate investment adviser, has announced the renewal of a lease contract with global electronics company Sony Benelux for its Amsterdam-based Skyline Plaza Building. Sony intends to use the building as its flagship HQ for the Benelux region with new products on display to the general public. Under the agreement, Sony has committed to a new 6,900 m2 lease for a period of 12 years.
The office building, located near Schiphol Airport, Amsterdam has an area of 21,778 m2. MGPA acquired the Skyline Plaza Building as part of a sale-and-leaseback deal with Sony in 2006 for EUR 121.1 mln on behalf of MGPA Europe Fund II. The portfolio of office and logistics properties spans six European countries including the Netherlands, the UK, Belgium,
Switzerland, Germany and Italy.
MGPA Asset Manager, Andrew Rose said: ' The lease with Sony Benelux illustrates the quality of the building and its prominent position next to Schiphol Airport. We are delighted with Sony’s renewed commitment to the building and believe that this will provide a platform for other companies to occupy the remaining 4,000 m2 in this excellent location.'
MGPA is an independently managed private equity real estate investment advisory company focused on real estate investment in Europe and Asia. Through its headquarters in Bermuda and network of offices throughout Europe and Asia, MGPA currently manages US$11 bn in assets throughout these two regions
