Union Investment is acquiring the UN Studio office development in Amsterdam's business district Zuidas from a consortium of ING, Fortis and G&S. Although the financial details of this transaction have not been disclosed, market sources suggest a purchase price of around EUR 120 mln. This office tower, due for delivery in December 2009, will be 85 meters high and provide some 25,000 m[sup]2[/sup] of commercial space over 22 storeys. The tower was designed by Amsterdam-based architectural firm UN Studio. The company said it is currently in talks with several parties for leasing the building. Union Investment is being advised by Savills on this transaction.

Union Investment is acquiring the UN Studio office development in Amsterdam's business district Zuidas from a consortium of ING, Fortis and G&S. Although the financial details of this transaction have not been disclosed, market sources suggest a purchase price of around EUR 120 mln. This office tower, due for delivery in December 2009, will be 85 meters high and provide some 25,000 m2 of commercial space over 22 storeys. The tower was designed by Amsterdam-based architectural firm UN Studio. The company said it is currently in talks with several parties for leasing the building. Union Investment is being advised by Savills on this transaction.

Union Investment recently acquired the Haagsche Zwaan building in the Dutch administrative city of The Hague and bought a 60% stake in the Rembrandt tower in Amsterdam last year.