German fund manager Real IS has acquired the Alpha Tower in Amsterdam from Commerz Real and hired Savills to manage the office property.
Financial details were not disclosed, but Dutch land registry data show that Real IS paid just over €55 mln for the 19,800 m2 building which is virtually fully leased.
Alpha Tower, located in the southeast of Amsterdam close to the Amsterdam Arena stadium, was fully renovated in 2015. The 23-storey building was designed by architects Skidmore, Owens & Merill together with ZZDP Architecten and is one of the tallest office buildings in Amsterdam.
Tenants include 20th Century Fox Home Entertainment, Amvest Management, Login Consultants, Tip Trailer Services, GWK Travelex en Grow/Work Group.
