Amsterdam,
09
February
2018
|
13:00
Europe/Amsterdam

Vastint lets 12,000 sq. m. of office space in Amsterdam Zuidoost to ING

20180206+HBW+geb+C

Vastint Netherlands have signed a lease with ING Bank for approximately 12,000 sq. m. of office space spread over two buildings on Hullenbergweg in Amsterdam Zuidoost. The lease also includes 160 underground parking spaces. The complex on Hullenbergweg, which consists of three office buildings, is now almost completely leased. ING Bank will move into the building this summer.

In autumn 2016, Vastint bought the three office buildings, which consist of nearly 20,000 sq. m. in total, for redevelopment. At the start of 2017, Vastint also bought the adjacent building (5,600 sq. m. in total), located at Hullenbergweg 1-3. Over the next few years, Vastint will renovate and redevelop all these buildings. The office building that ING will move into was completed on 1 February.

Merel van Oudvorst, Senior Consultant
The building had been empty for years when Vastint bought it. Our rental property team cooperated with Vastint to develop a clear vision and rental strategy for the building, which resulted in this transaction. We even managed to reach a new rental price level, which has set a new standard for this area. Our team is very proud of this achievement.
Merel van Oudvorst, Senior Consultant

A courtyard is being created for the three existing buildings, which will connect them to the surrounding area. Vastint always aims to achieve the highest possible energy ratings when renovating a property, and these offices will be given the BREEAM Excellent rating and the A+ energy label.

‚ÄčCBRE worked closely with Van Dijk & Ten Cate to advise Vastint during this transaction. Houthoff was responsible for the legal guidance. ING Bank was advised by Redept, Allen & Overy and JLL.

 

About CBRE

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers from more than 450 offices (excluding affiliates) worldwide. CBRE offers strategic advice and guidance in property sales and leasing; corporate services; property, facilities and project management; appraisal and valuation; development services; investment management; and research and consulting. Please visit our websites at www.cbre.nl and www.cbre.com.