German fund manager Real I.S. has bought the office building known as 'The Book' in Amsterdam for an undisclosed sum. The property is located in the Sloterdijk/Teleport business district and has been fully let to the Dutch government until 2025.
German fund manager Real I.S. has bought the office building known as 'The Book' in Amsterdam for an undisclosed sum. The property is located in the Sloterdijk/Teleport business district and has been fully let to the Dutch government until 2025.
The building is currently being used by taxation and customs authorities. It has a lettable surface area of around 39,330 m2 and 650 parking spaces.
'We have once again been successful in purchasing a property in a prime location with a tenant of excellent credit standing', Real I.S. executive board member Andreas Heibrock said.
Real I.S. plans to integrate the property into a 'Bayernfonds' in November or at the start of next year.
Earlier this week, Real I.S. announced it has purchased an office building in midtown London for £52 mln (EUR 63 mln). The property was rebuilt in 1990 behind the existing façade of an old structure dating from 1900 and has six office floors and a lettable area of around 7,400 m2.
