Monarch and CK Capital purchase Teleport Towers in Amsterdam

Private investment firms CK Capital Partners and Monarch Alternative Capital have acquired the Teleport Towers office building in Amsterdam from a fund managed by Credit Suisse Asset Management.

Financial details were not disclosed but information filed with the Dutch land registry put the purchase price at close to €31 mln.

The building at Kingsfordweg 151-241 dates from 1999 and comprises a total lettable floor area of 12,318 m2 and 127 parking spaces. The property is located in Amsterdam’s Sloterdijk area, one of the city’s main office locations. It is leased to a number of different companies with Regus being its anchor and largest tenant.

CK Capital Partners and Monarch were advised by CBRE (commercial), Loyens & Loeff (legal), and SGS Search (technically). Credit Suisse Asset Management was advised by Clifford Chance.

CK Capital Partners is a real estate investment company founded in 2013 that specialises in the acquisition, investment and strategic asset management of office buildings across the Netherlands. It is an affiliate of Cohen & Company, a US financial company based in Philadelphia and New York with European subsidiaries in London and Paris with $3.6 bn of AUM in fixed income assets. The firm regularly partners with large institutional investors and family offices on real estate deals.

Monarch Alternative Capital is a private investment firm with offices in New York and London. The firm focuses primarily on buying the debt of distressed and bankrupt companies.


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