ING Real Estate sells Acanthus office building to Credit Suisse Asset Management (NL)

ING Real Estate Development has announced the sale of the high-end office complex Acanthus in Amsterdam to the Credit Suisse Asset Management. The sales price was approximately €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 a gross lettable floorspace of 42.000 m². The office floors are situated on top of a 4-story 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.

Source: ING Real Estate

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