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Boelens de Gruyter buys Môdrome from M7 Real Estate

Wednesday 11 May 2016

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Project developer Boelens de Gruyter has today become the new owner of the characteristic building at Koningin Wilhelminaplein in Amsterdam West. The monumental building with an industrial appearance is characteristic of the so-called Fashion District in Amsterdam and has been acquired from M7 Real Estate.

With the purchase of this building, Boelens de Gruyter is expanding its Amsterdam property portfolio in an urban district that is undergoing strong development. Director Maarten de Gruyter: “We believe in the growth potential of the location and strongly identify with the unique ambience of the building”. 

Director Remko Dickhaut of M7 Real Estate Netherlands: “This sale is perfectly in line with our current strategy. We buy buildings that have fallen into neglect. Thanks to our active asset management, we bring these buildings back to life and maximize the occupancy level. An internal redevelopment restored this building to contemporary standards and in the past two years raised the occupancy level to around 95%. Only some storage space in the basement is currently to let. For us, that is ideal time to sell the building”.

Users of the building will not experience any change from the key transfer. The entrepreneurs, most of which are active in the fashion industry, will continue to benefit from the advantages and conveniences offered by the building and attractive location.

Old coat factory

The Môdrome was built in 1964 according to a design by M.F. Duintjer and originally served as a garment factory of the company Stibbe. The concrete and glass structure was typical for the function of the building and characteristic both of the spirit of the times and the work of the architect. The building measuring over 5.000 square metres is a municipal monument. 

Maarten de Gruyter: “We are always on the lookout for buildings with this kind of history and image, and didn't hesitate when the opportunity presented itself to purchase the building”. Boelens de Gruyter was advised by Arnoud Matthijssen of HMK Notarissen during the purchase procedure. 

For questions, high-resolution photos and request for an interview, contact Michiel Stroink (0031-621800054): michiel@boelensdegruyter.nl.

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