Amsterdam,
13
May
2015
|
17:46
Europe/Amsterdam

UMW Group acquires hotel and culinary center Stadionplein

Stadionplein

UMW Group acquires Zuidblok Stadionplein in Amsterdam. The project Zuidblok Stadionplein consists of a new hotel and culinary center with a total floor space of approximately 12,800 sq m. The building will be developed by Vink Bouw and IQNN Vastgoed. The project will be realized on the Stadionplein, a square opposite of the historic Olympic Stadium in the Southern part of Amsterdam.

Zuidblok Stadionplein will consist of a culinary center on the ground and first floor and a hotel with sixty hotel apartments on the second and third floor.The underground car park will have room for 221 parking spaces.

The hotel is leased to City ID Group, founded by Otto Jurgens , a hotel entrepreneur from Amsterdam. The culinary center is leased to Amsterdam Hospitality Development, a well-known catering operator (caters among others for the Stedelijk Museum Amsterdam). Hospitality Development will introduce a new catering concept called ‘The Amsterdam Proeflokaal ', with a focus on the typical Amsterdam cuisine.

The construction of the new building will start mid May 2015. The estimated construction period is approximately 18 months.

CBRE acted on behalf of Vink Bouw and IQNN Vastgoed.

About CBRE

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated 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.