Nuveen Real Estate and G&S Vastgoed celebrate the start of renovation at Prinses Irenestraat 59 in Amsterdam

Start bouw PI59 Amsterdam - ©Milan Hofmans, 21 september 2022 2

The building, which dates back to the 1970s, has historical roots as one of the first to stand on the Zuidas.

21/09/2022Nuveen Real Estate

Nuveen Real Estate, one of the largest investment managers globally, announces the start of the reconstruction of PI59. The asset was acquired in 2020 and scheduled completion of the best-in-class office space is set to take place in Spring 2024. G&S Vastgoed have been appointed as development manager in partnership with V8, the appointed architects for the project.

The building, which dates back to the 1970s, has historical roots as one of the first to stand on the Zuidas.

A new lease of life at PI59

The renovated space will boast 17,800 m2 of office space across six floors and has been designed to incorporate sustainability and local green spaces throughout. In what has been described as ‘the workplace of the future’, tenants will have access to an open roof terrace, hidden parking and a terraced catering facility as well as views of the onsite outdoor sports facility.

From the outside, the new façade will feature large windows, all of which can be opened, held together by sustainable terrazzo (a sustainable material made with marble pellets and cement) and inlaid with refined brass, which will age gracefully.

Designed to go beyond the targets set by the Paris Climate Agreement accreditation, the building will be renovated using low CO2 emission materials and includes an advanced energy generation system. This fits Nuveen Real Estate’s wider commitment to achieve net zero carbon across its global real estate portfolio, worth $138 billion, by 2040 – ten years ahead of the Paris Accord..

Sebastian Zwart, portfolio manager at Nuveen Real Estate, commented:

“We are excited to begin redevelopment of Prinses Irenestraat 59. This project will seek to improve the sustainable efficiency of the building and provide tenants with a modern workplace designed with their employees in mind.

Upon completion, we hope it will join Nuveen’s existing portfolio of assets with a BREEAM Excellent and WiredScore Gold certificates.”

Van Gool Elburg Vastgoedspecialisten is advising on the lease of the building. Prinses Irenestraat 59 was designed by V8 Architects and Felixx Landscape Architects. The project is built by Bouwbedrijf Wessels Zeist.


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G&S Vastgoed starts development of The Campus at Park 20|20 in Hoofddorp


On behalf of VolkerWessels, G&S Vastgoed will develop the remaining plots at Park 20|20 in Hoofddorp. This marks the start of the already elaborated development plan of ‘The Campus’.

The Campus comprises a total of approx. 37,000 sq.m. LFA of office space divided over five office buildings.

In addition to a BREEAM Excellent certification, the buildings will also be developed based on the RE\DEFINE Real Estate philosophy: the new standard for a safe, healthy, and productive office environment. To achieve a perfect balance between people and their environment, the centuries-old Chinese ‘Feng Shui’ philosophy has been integrated into the design of the buildings. Sustainability, greenery, and human well-being are at the heart of The Campus.

The offices will be developed in phases. The construction of ‘Water’ and ‘Fire’ is expected to start at the end of this year. Water will be around 6,600 sq.m LFA and has cascading terraces that run down the floors like a waterfall. Fire is characterised by two large atriums and comprises approximately 6,800 sq.m LFA. Both buildings are designed by MVSA Architects. Van Gool Elburg Vastgoedspecialisten has been appointed as commercial advisor.


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Wonderwoods best Mixed-Use project in Europe!

International Property Awards G&S Vastgoed 2022

Wonderwoods is pronounced as the best Mixed-Use project in Europe by the European Property Awards.

25/02/2022G&S Vastgoed

The European Property Awards hosted a ceremony at the Savoy Hotel in London on the 25th of February 2022 to announce all the winners within the various categories. By winning this award, Wonderwoods has been automatically qualified for Best Mixed-Use International Project. 

The European Property Awards are judged by an independent jury of more than 80 professionals from the real estate industry. The criteria of the awards are focused on design, quality, service, innovation, originality, and commitment to sustainability.

‘It’s fantastic to receive not only national but also international recognition for a project that, for us, is much more than just a building. We aim to inspire other cities with this project’.  – Ivo Taal, Senior Developer at G&S Vastgoed.’ – Ivo Taal, Senior Developer at G&S Vastgoed


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Green light for the first phase of construction Merwede

Visual by Crozzroads

Consortium green lights first phase of construction of an eco-community of 6,000 homes in Utrecht

11/03/2021Round Hill Capital

Utrecht, 10 March 2021 – Round Hill Capital, a leading real estate developer, investor and asset manager, recently signed the agreement with the municipality of Utrecht and other land owners to create a new city district within the Merwede Canal Zone.

By signing the agreement, they have committed to a long-term cooperation with each other and the neighbourhood. The plans will include a new community of 6,000 new homes, with over 3,000 affordable homes, and supporting amenities emerge in the Utrecht area.

The agreement is a significant milestone for the development, acquired by Round Hill Capital in 2018 as a joint project with real estate developers G&S Vastgoed and Boelens de Gruyter – and allows for design plans to proceed for the first phase of construction of 1,075 new highly sustainable homes.

The former industrial site is located between the avenues Koningin Wilhelminalaan and Beneluxlaan. The total site (240,000 sqm) allows for 6,000 residential units, offering space for more than 12,000 Utrecht residents to live and work in the district. Round Hill Capital will develop 1.075 residential units (45.000 m²).

The area has been designed for harmonious living in the middle of the city, and sustainability will be a key priority. On completion, the public area and landscape will be carpark-free, and will prioritise public transport, cycling and pedestrian access. Merwede will host a range of amenities, including restaurants, a sports hall, primary and secondary schools, as well as community halls, ensuring that it becomes a very attractive area for a large varied audience.

The rental and owner-occupied homes are located right beside the new park, Merwedepark, and along the Merwede Canal. Rental properties will be offered in the social, middle rent and free sector segment, and all homes have been designed to be both high-quality and highly sustainable.

Michael Bickford, Founder and CEO at Round Hill Capital, said:
“We’re delighted to reach such a significant milestone in our plans to create a new urban renewal project in Utrecht. Round Hill Capital has a well-established and successful track record investing in and operating residential housing across Europe – and we look forward to continuing to work with our partners to address the demand for high-quality, affordable housing in the city.”

Over the past seven years, Round Hill has successfully established its residential investment and asset management platform in the Netherlands and has consistently acquired portfolios throughout this period, with its total number of units acquired over 16,000. Round Hill has acquired and managed more than 135,000 residential units across Europe.

The construction of Merwede will be split into two phases, so that the effects to the environment can be taken into account and so that necessary measures can be taken to reduce disruption. Construction for phase one is expected to begin in the first half of 2023.

Maarten de Gruyter, director of Boelens de Gruyter:
“We’re looking forward to undertake the next step in this project. For Utrecht as well as the Netherlands, but also for Europe, this will be a unique new city district. Besides, we contribute to the reduction of the large housing shortage.”

The cooperating parties for Merwede are: area developer AM/Synchroon, Bouwfonds Property Development (BPD), Greystar, G&S Vastgoed/ Boelens de Gruyter/ Round Hill Capital, Janssen de Jong ProjectOntwikkeling, Lingotto and the municipality of Utrecht.

Design team and advisors Merwede: BURA, Stad2, Goudappel Coffeng, OKRA Landscape Architects, Merosch, Impuls, Mark Rabbie urban concepts, Empaction and RebelGroup in collaboration with the Municipality of Utrecht and various architects.


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Creating scarcity in times of abundance

Publicatie interview Jason

Wonderwoods seems very atypical for G&S Vastgoed, but the project fits in perfectly with the development series of the past 30 years.

29/09/2020Gabriëlle Klaver – Property NL

It is a special project, Wonderwoods, but at real estate developer G&S Vastgoed it fits perfectly in the development series. Of course, it looks different because it will be one of the first overgrown high-rise buildings in the Netherlands. For G&S it is also a bit different, because the two towers will be mixed-use, with both office space and living space. Moreover, it will be publicly accessible by adding Nowhere, the first immersive digital art space in Europe.

Add something that isn’t there yet According to Jason Blackmore, Wonderwoods fits in perfectly with G&S Vastgoed. ‘In a market of abundance, we always try to create scarcity by developing something that isn’t there yet. We did this in the ’80s and ’90s by building high-tech buildings in Amsterdam Southeast that were popular with internet companies at the time. The inspiration for this was taken from the US. On the Zuidas we realized buildings of an un-Dutch scale and quality in the 00s and 10s. We worked together with international architects such as Toyo Ito, Rafael Viñoly and Michael Graves, at that time unknown in the Netherlands. Wonderwoods was designed by the Italian architectural firm Stefano Boeri Architetti and the Dutch MVSA Architects, and such a green building is unique for Utrecht.’ Blackmore has been managing director of G&S Vastgoed since 2011. At the time, he succeeded Chris Gongriep, who founded the company in 1978. Blackmore had been working at G&S for over 10 years, focusing on the commercial side of the development profession. According to Blackmore, the ghost of Gongriep, who died four years ago, still haunts the office on the Zuidas. Blackmore: ‘You can see that, for example, in the closeness of the team that we gather around us. We have worked with ZZP for a long time and now with MVSA Architects. We still take architects and their designs very seriously. In terms of backgrounds, that team is also very diverse, which in turn enhances creativity. Here at the office, for example, the male-female ratio is 50-50, and that’s no coincidence’.

Big Brother The fact that VolkerWessels now owns the construction branch and participates in G&S Vastgoed does not change this. Blackmore: ‘VolkerWessels is like a big brother in the background, who not only has a strong capital position, but also thinks along with us. For example, I just had a brainstorm with Dick Boers (member of RvB VolkerWessels, ed.) about a large development location. Now that VolkerWessels has been taken off the stock exchange again, there is even more room for entrepreneurship in the company. The lines of communication have become shorter, because there are less eyes watching now. Of course, that does not mean that everything goes less carefully’. An owner with a good capital position is no sinecure in these times of corona. In any case, Blackmore is convinced that the changes that were already in the air will now come to the market more quickly. I definitely didn’t see Corona coming, but I did see that the prices paid for the offices were no longer determined by the underlying factors. Then things could only get worse, and so we did indeed sell everything’. That’s good luck in case of an accident, but the changes go beyond the amounts paid for office space. Blackmore has been seeing the world change for some time now. Living conditions and health have become increasingly important issues for corona as well. Blackmore: ‘If a company wants to rent a building, what does it choose? Certainly with the acquired corona experience? That’s not an outdated building, but a safe building with clean air or, for example, more elevators so that people can be dispersed’.

In addition, according to Blackmore, the user will choose a building that allows his employees to work in as few square meters as possible, and in as safe as possible way. After all, a higher density means that even fewer meters need to be rented, but also that a higher investment can be made per square meter. G&S is working with BNP Paribas Real Estate and MMEK on REDEFINE, a philosophy of creating a healthy, safe and productive working environment. This vision is translated into a concrete housing program. Basically, of course, people should be able to go to the office safely, but REDEFINE goes further than that. The goal is that REDEFINE continuously improves itself and that more and more ‘balanced advice’ can be given regarding housing. Not only on economic grounds, but also in the field of sustainability, health, safety and technology. REDEFINE will be applied for the first time in Wonderwoods.

Sell quickly It is not only the innovative character that makes that Wonderwoods in G&S Real Estate development series fits, but so does the way of financing the project. A large part of the project, both the offices and the homes and facilities, has already been sold to ASR Real Estate. The sale of the owner-occupied homes will start soon. Blackmore: ‘It has always been our strategy to sell quickly. Of course we’ll let money run, but we’ll also run less risk. Anyway, we’re not going for the most commercial deal possible; we’re not going for the highest price. That attracts namely at the front immediately a change on the project. Given the duration of our projects, there is always a moment when you have to look each other in the eyes. The outcome must be that staying together is more enjoyable than splitting up’. He explains his statement: ‘Look, our project is just one of the projects the investor has in his portfolio. In bad periods, that investor will always have to say goodbye taking certain projects. We don’t want our project to be at the top of the list’. G&S certainly has experience with bad periods. The developments in the Zuidas were visionary in the sense that the developer took up ground positions at an early stage, because Gongriep and Blackmore saw that the companies in the city center were getting more difficulties. But in 2005, when the buildings were completed, the vacancy rate on the Zuidas was 70%. Blackmore: ‘At the time, we didn’t believe in it either. We had already sold, but still got a decent exit’. Even then, it turned out that there were advantages to having a lot of power behind you. Gongriep, as a major shareholder, helped the company out of the fire.

Offices and homes What also changed are the development segments which G&S Vastgoed deals with. Started as a purely office developer, all the residential towers have been developed on the Zuidas, including a row of ground-level houses. In Utrecht the developer is now also involved in the development of a new piece of city in the Merwedekanaal zone. Together with Round Hill Capital and Boelens de Gruyter, it has acquired a position where some 1100 homes can be built. Blackmore: ‘Although my focus has always been on offices, our company is attracting more and more people who have a passion for housing. I believe in providing space for people and so we are heading in that direction. And that works very well.


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Utrecht rooftops to be ‘greened’ with plants and mosses in new plan


‘Vertical forest’ tower will have 10,000 plants on its facade in bid to reinvigorate biodiversity

03/04/2020The Guardian

Every roof in the city district of Utrecht is to be “greened” with plants and mosses or have solar panels installed under plans driven by the success of a similar scheme for the municipality’s bus stops.

The “no roofs unused” policy is part of an attempt to reinvigorate biodiversity in the city and create a less stressful and happier environment, of which the construction of a so-called “vertical forest tower with 10,000 plants on its facade is set to become a leading example.

That building alone, close to Utrecht railway station, will host 360 trees and 9,640 shrubs and flowers, equal to 1 hectare (2.47 acres) of woods, once it is completed in 2022.

More generally, a plan set to be agreed by the city council next September will introduce an obligation to green the roofs of all the buildings in the city district. The municipality already runs an oversubscribed grant scheme to cover 50% of the costs for homeowners who want to green their roofs, up to a maximum of €20,000 (£17,900) per application.

Alderman Kees Diepeveen said: “In this city district every roof will be either used for green or for solar panels. It will be that when you look at the different heights, the lower rooftops will be mainly green and the higher ones will be mainly solar panels. And now again a combination of the two because solar panels need some cooling.

Read further: The Guardian


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G&S Vastgoed and UBS Asset Management welcome Lifetex Industry Holding B.V. in Moermansk 400.

moermansk 2 luik2

G&S Vastgoed and UBS Asset Management welcome Lifetex Industry Holding B.V. in Moermansk 400.

11/03/2020G&S Vastgoed

Moermansk 400 has a new tenant. Recently Flexibelhuren B.V., a 100% subsidiary of G&S Vastgoed B.V., has signed a lease agreement with Lifetex Industry Holding B.V. Lifetex Industry, a subsidiary of Shanghai Sunwin Industry Group, is an import and export company and is a key supplier of home textiles, apparel and accessories to well established brands, retailers and e-commerce accounts in EU and USA. 

Lifetex Industry has leased a part of the first floor, being approximately 400 sq.m.  As a result only approximately 1,020 sq.m is still available in Moermansk 400 divided between the ground floor (530 sq.m) and the first floor (490 sq.m).Moermansk 400 is a development of G&S Vastgoed and an investment of UBS Asset Management for a pan-European Club Deal structure. The  Moermansk 400 is a design by Joris Deur of architects ZZDP. Because of its bright white color, the office forms a nice contrast with the surrounding buildings. The large wide balconies at the head of the water’s edge allow office users to enjoy the view over the IJ river to the fullest. The deliberately chosen cool appearance of the building is softened by the use of greenery on the facade. It offers a view over the flower boxes to the water every day.

JLL advised G&S Vastgoed on the letting of the building in collaboration with Van Gool Elburg Vastgoedspecialisten and Cushman and Wakefield. Colliers advised Lifetex Industry.


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Nuveen Real Estate and G&S Vastgoed join forces for the future renovation of Prinses Irenestraat 59.

Prinses Irenestraat 59- M. Hofmans feb. 2020 LR

Nuveen Real Estate and G&S Vastgoed join forces for the future renovation of Prinses Irenestraat 59.

25/02/2020G&S Vastgoed

HighBrook Investors, an American private equity real estate investor, has sold the office building at Prinses Irenestraat 59 in Amsterdam to international real estate investor Nuveen Real Estate. Project developer G&S Vastgoed advises Nuveen Real Estate with regard to investigating the renovation possibilities of the office building. The building, built in the early 1970s, offers ample opportunity to add value to this location. With a total area of approximately 14,000 m2, it is one of the last properties with renovation potential on the Zuidas within walking distance of train station Amsterdam Zuid. The sale of the office building concerns a share transaction, the investment volume will not be disclosed.

Seller HighBrook Investors has been advised commercially by Cushman & Wakefield and asset manager Breevast, and legally by Loyens Loeff. Nuveen has been advised commercially by Van Gool Elburg Real Estate Specialists and legally by CMS Derks Star Busmann. G&S Vastgoed will act as a local partner for the future renovation of the asset.


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G&S Vastgoed and UBS Asset Management welcome Esprit Europe B.V. in Moermansk 400.

Esprit Showrooms Amsterdam_photographer M.Hofmans_June 19_1

G&S Vastgoed and UBS Asset Management welcome Esprit Europe B.V. Moermansk 400.

31/07/2019G&S Vastgoed

Moermansk 400, approx 5.000 s.qm, is a development of G&S Vastgoed. Moermansk 400 is part of the total development of Moermansk 300, 400 en 500. The building is a design of Joris Deur of architectural firm ZZDP Architecten. Because of its location at the head of the Moermanskkade in the Amsterdamse Houthaven it has a spectaculair view.

Recently Esprit has taken the second and third floor.

Martin Hallander, Head of Wholesale Northern Europe over Moermansk400: This step is part of a new start for Esprit in Noord-Europa. ‘The Houthaven is modern and well-connected, a meeting place for innovation, digitization and design where fashion brands, architectural firms and design agencies have established themselves, making it the perfect home base for Esprit! The team is very excited – we all love our new office and environment and I am convinced that our wholesale customers will do the same.

Due to the lease to Esprit, only the ground floor and the 1st floor (together approximately 1,200 m2) are still available for lease.

JLL advised G&S Vastgoed on the lease of the building. Harper Dennis Hobs advised Esprit. NautaDutilh advised G&S Vastgoed on this legal transaction.


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Crozzroads launches 3D-tool for Wonderwoods

Menno Sales Tool

Crozzroads lanches 3D-tool for Wonderwoods

06/06/2019G&S Vastgoed

Tool provides lifelike image of vertical forest.

Crozzroads launches a revolutionary interactive 3D tool for the Wonderwoods real estate project during PROVADA in Amsterdam.

Menno Ploeger, Head of Commerce at G&S Vastgoed, will present the tool at PROVADA at the booth of a.s.r. real estate. The interactive 3D tool offers a representative image of Wonderwoods, two sustainable, green towers for living, working, retail and a museum, which will be delivered in 2022 in Utrecht.

Wonderwoods Development can use the tool to let both internal and external stakeholders, as well as potential tenants and buyers, take a lifelike look at the buildings. The focus of the 3D tool is not only on availability, but also maps the uniqueness of the buildings. The tool explains a very complex building in an instant: the floors can be extended per floor and the various functions and routing become visible. From the experience that the user experiences with the tool, the roots of Crozzroads can be felt: the gaming industry. The wind blows through the trees that are planted in the facade of Wonderwoods and the sun shines on the roof gardens and even changes direction. The little bird Woody, the mascot of Wonderwoods, also flies around the building and takes a rest on the railing of a balcony.

G&S Vastgoed is happy with the collaboration with Crozzroads. Jet Happel, Head of Creative Design at G&S Vastgoed, explains: “Crozzroads has a huge passion for real estate, detail and quality. Everything is possible in their 3D world. For example, the developments at Crozzroads ensure that we can remove errors from the building at an early stage – often these are things that look very logical on drawings. In the follow-up stage, we can use the tool to make a building transparent for our customers. ”

Crozzroads is also pleased with the collaboration. Sally van Duinen, CEO of Crozzroads: “Crozzroads not only strives for the highest quality but also for the best experience. We think along, advise and ensure that different worlds come together. Crozzroads believes in the future and always uses the latest technologies in its products. We are very happy that we have been able to develop technology for the Wonderwoods project, which is progressive not only in the field of real estate and healthy urban living, but also in its sales. ”


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