Savills News

Savills advises Real I.S. on five lease renewals and expansions in Alpha Tower

Real I.S. AG Netherlands has concluded long-term lease agreements with Gartner Nederland B.V., Generali Participations Netherlands N.V., Lion River I N.V. and Lion River II N.V., as well as a pension advisory firm, in the Alpha Tower in Amsterdam South-East. Several parties are expanding or reallocating their space within the building, which has been part of the BGV VI fund since 2016.

The following new floor areas have been agreed:

  • Lion River I: approx. 218 sq m on the 2nd floor
  • Lion River II: approx. 54 sq m on the 2nd floor
  • Gartner Nederland: approx. 1,131 sq m on the 16th and 17th floors
  • Generali: approx. 2,127 sq m on the 2nd, 14th and 20th floors
  • Pension advisory firm: approx. 1,229 sq m on the 21st and 17th floors

Alpha Tower was recently certified with a BREEAM In-Use ‘Very Good’ rating, underscoring Real I.S.’s commitment to sustainable asset management. Generali is expanding within the building, while Lion River I and II are relocating to another floor, optimising their space to suit current requirements. Following these lease extensions and expansions, the occupancy rate now stands at approximately 95%, with one remaining floor of around 900 sq m available for lease.

Esli Burggraaf, Associate Director Asset & Property Management at Savills Netherlands, says:
“These transactions are the result of carefully coordinated collaboration between the owner, tenants and advisers. By anticipating changing space requirements and adapting in good time, we create a future-proof office environment that enables companies to operate efficiently.”

The owner, Real I.S., was advised in these transactions by Savills Asset & Property Management. Gartner was represented by Cushman & Wakefield, the pension advisory firm by Spring Real Estate. Generali acted independently.

Recommended articles