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Vastint leases 19,500 m2 in Rivierstaete to WPP
14/10/2016

Vastint Netherlands has concluded a lease with WPP, the world’s largest communications and marketing services group, for around 19,500 m² of office space in the Rivierstaete building in Amsterdam.

This means that the formerly white building on the Amstel river, well-known for the striking design by Hugh Maaskant, is now two-thirds let. The building is expected to be delivered at the end of 2017, after which, following a fitting-out period, WPP will move into Rivierstaete.

Rivierstaete
Under the motto ‘setting the new standard’, Rivierstaete is being completely renovated and transformed. The building is being given a brand-new interior and exterior designed by Roberto Meyer of MVSA Architects. Glazed facades will make the building transparent and light to take full advantage of the views across the Amstel river. This will be further enhanced by the outdoor terraces to be created on the various floors. Together with an extra (ninth) rooftop floor, this will bring the total floor area to approx. 30,000 m².

Upon its completion in 1973, Rivierstaete was particularly notable for its size; it was the largest office building in Europe at the time. The location and accessibility of the building are still exceptional; along the Amstel river on the edge of the Rivierenbuurt district, close to the A10 and A2 motorways and within walking distance of Amsterdam Amstel railway station.

Cees Gehrels, General Manager Vastint Netherlands: ‘WPP, the biggest communications and marketing services group in the world, is an excellent lessee for Rivierstaete. They were also struck, as we were at the time, by the splendid, transparent design by Roberto Meyer and the opportunity to create a high-quality working environment. We therefore have full confidence that it will not be long before the remaining 10,000 m2 will be let’.

WPP
WPP is the world’s largest communications and marketing services group with more than 200,000 employees in more than 3,000 offices in 113 countries. More information www.wpp.com.

Advisers
Vastint was assisted in this transaction by Peak Development of Amsterdam, CBRE estate agents and the lawyers of Houthoff. WPP was advised by James Andrew International and DLA Piper.