Developer Edge and family offices buy Cross Towers office building in Amsterdam

Cross Towers, in Amsterdam
Cross Towers

European developer and asset manager Edge and two Dutch family offices have bought the Cross Towers office building in Amsterdam, the Netherlands.

The 29,500-square-meter, 23-storey building in the South-Axis is the Dutch headquarters for the main tenant, global consultancy firm, EY.

Designed by world-renowned architect Foster + Partners in 2008, Cross Towers is to be sustainably retrofitted by Edge to improve its energy performance.

This will reduce environmental impact and create a healthy workspace that appeals to environmentally conscious tenants and investors.

Coen van Oostrom, Founder & CEO at Edge says, “Acquiring Cross Towers marks a pivotal shift for Edge. We’re moving beyond developing best-in-class assets to also actively upgrading existing assets. This deal showcases our commitment to transforming buildings into high-performance, sustainable properties.”

The financing was provided by Berlin Hyp with legal advice from Van Doorne. Edge and its partners were legally represented by Loyens & Loeff and Houthoff. PwC offered financial and tax guidance. The seller was commercially advised by CBRE, legally represented by A&O Shearman and PwC provided tax and financial advice.

Leave a Reply

Your email address will not be published. Required fields are marked *