NautaDutilh's Real Estate Practice Group assisted leading Dutch developers OVG Real Estate and G&S Vastgoed with regard to the development of the new head office for the ING Group on the Frankemaheerd location in Amsterdam-Zuidoost. ING's current head office – the 'Amsterdamse Poort' – will be transformed in close collaboration with the Municipality of Amsterdam.
David van Dijk, lead partner for the consortium: "This has been a very challenging project, because of the fact that the project actually consists of two separate complex large scale development projects. The redevelopment of Amsterdamse Poort on the one hand, and - in parallel - the development of the new ING head office on the Frankemaheerd location on the other hand. Due to this complexity, also the number of parties involved and the number of legal 'cross-links' is quite substantial, making this one of the more interesting projects in the Netherlands, both from a commercial perspective as well as from a legal perspective."
The new campus-style ING head office will be located on the Frankemaheerd location. The current office buildings are being replaced by one energy-efficient, future-proof and technically smart office building. After ING relocates from Amsterdamse Poort to the new head office, a Consortium, consisting of G&S Vastgoed, VolkerWessels and OVG Real Estate, will transform the offices at Amsterdamse Poort into a multifunctional programme of primarily residences. The transformation design is being developed in close cooperation with the original architect, Max van Huut. This will make it possible to maintain the characteristic features of the building. The total transition will result in a reduction of 65,000 m2 of gross floor area in office space and will provide a major boost to the livability of Amsterdam-Zuidoost. More than 500 apartments will be created, in addition to various social and other facilities.
OVG Real Estate and G&S Vastgoed acquired Frankemaheerd jointly, the Consortium acquired Amsterdamse Poort. Construction on Frankemaheerd is scheduled to begin during the second half of 2016. ING will be moving into its new head office in 2019, immediately after which the transformation of the Amsterdamse Poort will begin.
NautaDutilh's Real Estate team that assisted the consortium consisted of David van Dijk, Anne-Marie Klijn, Berend Haagen, Wilma Booij, Frank Spraakman, Nelien Ploegstra, Ingeborg Wind and Redmar Warning.