ING Offices in Amsterdam Sold for EUR 174 Million

ING Real Estate Web Site - November 29, 2006

ING Real Estate Development is pleased to announce the sale of the high-end office complex Acanthus in Amsterdam to Credit Suisse Asset Management. The sales price was approximately EUR 174 million. Credit Suisse Asset Management acquired Acanthus on behalf of its CS Euroreal fund. Acanthus is leased to ING Bank on a long-term lease.

Acanthus is situated in the immediate vicinity of train and metro station Amsterdam Bijlmer and the Arena Boulevard. The office complex was completed in 2003 and has gross lettable floorspace of 42.000 sq m. The office floors are situated on top of a 4 storey parking garage with 610 spaces.

ING Real Estate Development was advised in this transaction by DTZ Zadelhoff and Nauta Dutilh. Credit Suisse AM was advised by Houthoff Buruma and Savills. Sphere: Related Content