- EUR 566 million investment for open-ended mutual real estate funds
- Long-term lease to global leader Booking.com
- Focus on following ESG and highest quality standards
- Core location with excellent infrastructure links
By following current market developments, Deka Immobilien acquired the international headquarters of Booking.com in Amsterdam for EUR 566 million. Booking.com Real Estate B.V. has sold the landmark property as part of a sale-and-lease-back transaction and has fully leased it back for the long term.
The newly constructed campus will receive “BREEAM Excellent” certification and underscores Deka Immobilien’s approach to sustainable investing. Key innovative design features of the Booking.com campus include solar panels on a moss-sedum roof, careful development of the campus as a SMART building and connection to the main latent energy storage system (LTEO). The property will be transferred to the portfolios of the open-ended real estate mutual funds Deka-ImmobilienEuropa and WestInvest InterSelect.
The property, which comprises around 54,000 sqm of leasable area, is part of the new “Oosterdok” office location. The new Booking.com headquarters will be home to more than 5,000 employees and marks the completion of this area as the last development on the Oosterdokseiland. Over the past few years, the submarket east of Amsterdam Central Station has become a dynamic place for people to work, live and spend their leisure time.
The immediate vicinity of the main train station ensures very good connections to all means of public transport such as train, subway, streetcar and bus. For individual traffic, the A10 ring road can be reached within ten minutes.
By purchasing the new headquarters of Booking.com, we have added one of the largest new urban development projects in western Europe to our funds. With a particular view to sustainability, multifunctionality and long-term full rental to a world market leader, the property is excellently positioned and thus a brilliant investment for our investors.