Vastint buys office building Leeuwenburg in Amsterdam

Amstel

Vastint Netherlands B.V. (formerly Pronam B.V.) has acquired ownership of the Leeuwenburg building in Amsterdam from seller Van der Vorm Vastgoed for about € 61 million. The prestigious office building of nearly 64,000 sq. m (GFA) is one of the largest buildings of Amsterdam and is located entirely on freehold land. The building is currently let in its entirety to the Amsterdam University of Applied Sciences. Leeuwenburg is part of the popular office location De Omval, well-known for the Rembrandt Tower.

Cees Gehrels, managing director of Vastint Netherlands B.V.: "De Omval is a well-established, stable office location with excellent facilities for office users. We are therefore very content with this purchase as it fits entirely within our strategy, in which we focus on property in A locations where we can add value."

Location

Leeuwenburg is located at Weesperzijde 190 in Amsterdam, very close to the A10 ring road. Its close proximity to Amstel Station means it is also conveniently situated for people travelling by train, metro and other public transport. Office location De Omval is best known for the Rembrandt Tower, the Breitner Tower with the Philips headquarters and the Mondriaan Tower where Delta Lloyd, Rabobank Amsterdam and CMS Derks Star Busmann are based. The proximity of some popular districts, trendy restaurants and its location on the Amstel river also make the area attractive for residents, which is underlined by the housing developments in Amstelkwartier and the recently announced development of Amstel Tower.

The building

The building dates from the 70s and is a design of the architects' firm Zanstra, de Clerq Zubi, Lammersma & Partners (currently ZZDP Architecten), which was later also responsible for the design of the Rembrandt Tower. The Rijkspostspaarbank savings bank was the first lessee of Leeuwenburg in the 70s.

Parties involved

Peak Development and Houthoff Buruma gave advice to Vastint on the purchase. Nauta Dutilh and CBRE gave advice to Van der Vorm Vastgoed on the sale.