28-10-2016

KROONENBERG GROEP BUYS NIEUWEZIJDS VOORBURGWAL 225 FROM KAS BANK

Kroonenberg Groep has reached an agreement regarding the purchase of the historically listed office building owned by KAS BANK, located at Nieuwezijds Voorburgwal 225 in Amsterdam. This office building (more than 11,500 m²) was built in 1928 to accommodate a major Dutch daily (De Telegraaf) that had commissioned J.F. Staal for its design. He was also responsible for designing the skyscraper on Victorieplein in Amsterdam Zuid.

Following the sale, KAS BANK will continue to occupy the building for some time as a tenant. Kroonenberg Groep intends to redevelop the property as it has done before with two other buildings: the one previously occupied by Van Lanschot Bankiers on Concertgebouwplein and the other occupied by The Bank on Rembrandtplein.

KAS BANK was represented in this transaction by NL real estate and Loyens & Loeff. Kroonenberg Groep received legal advice from Houthoff Buruma en Lexence. During the acquisition process, Kroonenberg Groep was represented by Van Dijk & Ten Cate and KroesePaternotte.