Amsterdam, 11 July 2024
Multi agrees sale of four floors of YOUROWN office development in Amsterdam to Dutch private equity business Mentha
Transaction means that office building is more than 50% pre-sold
Amsterdam, July 11, 2024. Multi Corporation, the leading European retail management and development company, has reached agreement with the Dutch private equity fund Mentha on the sale of the top four inner-linked floors of its YOUROWN office development in Amsterdam. This means that the building is now more than 50% pre-sold.
The seven-storey YOUROWN office building will accommodate several companies striving for their own office ownership. The development is located in the north of Amsterdam on the banks of the River IJ and is easily accessible by public transport, bicycle, and car. Construction of the building, which is being delivered by Multi in collaboration with the innovative developer Mother of Space, will commence this month and is scheduled to be completed in the fourth quarter of 2025.
The modern office block will include a number of attractive features, including ceiling heights of over 7 meters, and each floor offers an outdoor terrace with views overlooking the nearby River IJ and the broader city. The project is being built to the highest environmental BENG net zero standards, meaning it will perform better in terms of energy efficiency and sustainability compared to existing buildings, making it one of the most energy-efficient office buildings in the area.
Steven Poelman, Co-CEO of Multi Corporation, said: “Multi has a strong track record of delivering attractive, high-quality developments across Europe, so we’re very proud to be developing again and doing so in our home country. Today’s announcement is a real vote of confidence in the project, and we can’t wait to welcome Mentha to the site. Schemes like this demonstrate the range of expertise and capabilities that we have in-house at Multi. We truly can offer our clients a fully integrated service, covering everything from asset management and leasing through to (re)development and refurbishment.”
Mark van Ingen, Partner at Mentha, said: “We can’t wait to open our new office in the YOUROWN building. We’ve been on the look-out for an attractive, collaborative space which reflects the culture and ambition of our growing business, and the YOUROWN building will be perfect for us.”
