Private investment firms CK Capital Partners and Monarch Alternative Capital have acquired the Teleport Towers office building in Amsterdam from a fund managed by Credit Suisse Asset Management.

Teleport Towers in Amsterdam Sloterdijk

Teleport Towers in Amsterdam Sloterdijk

Financial details were not disclosed but information filed with the Dutch land registry put the purchase price at close to €31 mln.

The building at Kingsfordweg 151-241 dates from 1999 and comprises a total lettable floor area of 12,318 m2 and 127 parking spaces. The property is located in Amsterdam’s Sloterdijk area, one of the city’s main office locations. It is leased to a number of different companies with Regus being its anchor and largest tenant.

CK Capital Partners and Monarch were advised by CBRE (commercial), Loyens & Loeff (legal), and SGS Search (technically). Credit Suisse Asset Management was advised by Clifford Chance.

CK Capital Partners is a real estate investment company founded in 2013 that specialises in the acquisition, investment and strategic asset management of office buildings across the Netherlands. It is an affiliate of Cohen & Company, a US financial company based in Philadelphia and New York with European subsidiaries in London and Paris with $3.6 bn of AUM in fixed income assets. The firm regularly partners with large institutional investors and family offices on real estate deals.

Monarch Alternative Capital is a private investment firm with offices in New York and London. The firm focuses primarily on buying the debt of distressed and bankrupt companies.