Vastint buys office building Leeuwenburg in Amsterdam
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."
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 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.
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.
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 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 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.