Booking.com head office moves into The Bank
In the largest lease transaction to take place in the centre of Amsterdam during the past 5 years, Booking.com and Kroonenberg Groep have entered into a multi-year lease agreement for approximately 12,500 m² of office space in The Bank on Amsterdam’s Herengracht.
Booking.com, part of stock-exchange listed Priceline (Nasdaq: PCLN), will take these premises into use as its head office as from 1 January 2012. The lease agreement in question concerns office space on the ground and first floors, as well as on the fourth and fifth floors. Alongside use of the main entrance, the company will have its own dedicated entrance on the Herengracht side of the building.
Booking.com B.V. is the largest supplier of online hotel reservations in terms of overnight stays booked, with in excess of 30 million unique internet visitors a month, in both the business and leisure segments. Thanks to the enormous growth undergone by Booking.com in the market, the company now employs more than 3,000 professionals at all its offices, of which some 850 work in Amsterdam.
“As a successful city centre redevelopment, The Bank is highly suitable for our head office”, says Booking.com’s Rutger Prakke. “It has excellent access for our employees, both by car and public transport, it is located right in the heart of Amsterdam; the building is also characterised by extremely high levels of quality and sustainability.”
Kroonenberg Groep is also very happy with its new lessee. Lesley Bamberger: “Booking.com is the market leader in online hotel reservations worldwide; an organisation we are more than please to welcome to The Bank. For us, this company’s choice for The Bank gives us a great addition to the mix of lessees we already have in the building.”
Starbucks has recently entered into a lease agreement for retail space in The Bank. Other retailers already present in the multifunctional building include Marqt, Wagamama, George Deli USA and Ajax Experience. BNP Paribas and Guerrilla Games (part of Japanese Sony PlayStation) have taken up office space in the building ahead of Booking.com. Now that Booking.com’s lease is official, just approximately 4,800 m² of office space on the second floor and approximately 1,400 m² on the sixth floor is still available six months after The Bank’s official opening, out of the total 26,000 m² of office space in the building.
CB Richard Ellis advised Kroonenberg Groep in this transaction. NL Real Estate provided support to Booking.com throughout the commercial process.
Kroonenberg Groep’s legal advisors were Lexence advocaten en notarissen. Allen & Overy provided legal services to Booking.com.
The leasing of office space in The Bank is handled in joint agency by DTZ Zadelhoff and CB Richard Ellis.