Booking.com headquarters sold to Deka Immobilien
Deka Immobilien Investment GmbH, on behalf of two of her funds, Deka-ImmobilienEuropa en WestInvest InterSelect, has acquired the iconic Booking.com campus on the Amsterdam Oosterdokseiland through a sale-and-leaseback construction. The new Booking.com campus will provide an inclusive, welcoming and sustainable working environment for more than 5,000 employees. At the same time, the state-of-the-art building partly becomes a public meeting place.
The new international headquarters of Booking.com, designed by UNSTUDIOS, is one of the largest inner-city projects in Western Europe with approximately 72,500 square meters. The multifunctional building covers more than a third of the area of the Oosterdokseiland. The Booking.com campus taking up 53,000 square meters. The other spaces are intended for apartments, public functions on the ground floor and parking facilities for both cars and bicycles.
The company, founded in the Netherlands, has entered into a long-term lease for all commercial space. With this step, Booking.com continues its long term commitment to the city. The first Booking.com employees will move into the new office in the second quarter of 2023.
The ambition to achieve a BREEAM Excellent score with this project was a key point from the start. Important innovative and sustainable design features of the campus are renewable energy on site (with solar panels on a moss-sedum roof), connection to the thermal energy storage system and the careful development into a smart building.
Sebastiaan van Nimwegen, Director Capital Markets at CBRE: “During this large-scale project and our collaboration with Booking.com, sustainability, quality and multi-functionality were the main drivers. We are proud to have been involved in this unique development. With the different types of workplaces, various social spaces, co-creation spaces, quiet workplaces, restaurants and a roof terrace, a dynamic center has been created where employees can meet and inspire each other.”
The campus is located on the Oosterdokseiland, in the heart of Amsterdam and within walking distance of Amsterdam Central Station. The location offers good accessibility and many amenities in the immediate vicinity. Over the years, Oosterdokseiland has developed into a dynamic place where people come to work, live and meet. Oosterdokseiland has a large underground parking garage for 1,800 cars. The underground parking garage of Booking.com with 213 car parking spaces and 2,200 bicycle parking spaces will be connected to this.
Booking.com was founded in 1996 and has grown from a small Dutch start-up to a leading digital travel agency. Booking.com is currently market leader for online accommodation booking and is active worldwide.
The Deka Group's global real estate expertise is pooled in its Real Estate Division. The management companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH provide management and support for around EUR 50 billion in real estate assets.
Booking.com was advised commercially by CBRE and legally by Allen & Overy. The technical and sustainability due diligence was carried out by CBRE Development Services. During the development years, Booking.com was assisted by CBRE's Project Management team and legally by Projects & Real Estate team of Allen & Overy
Deka Immobilien Investment GmbH was commercially advised by JLL. legally by NewGround Law and technically by Cushman & Wakefield.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.