German real estate investment firm Deka Immobilien has acquired the new Booking.com campus in Amsterdam, the international headquarters of the online travel agency, for €566 million through a sale-and-leaseback transaction.
As part of the sale agreement for the building, Booking.com has committed to lease it back until at least 2038 (an initial period of 16.5 years), with an option to renew.
The campus is located on the Oosterdokseiland, in the heart of Amsterdam and within walking distance of Amsterdam Central Station.
The property, which comprises around 53,000 square meters of leasable space, is part of the new “Oosterdok” office location. The new headquarters will be home to more than 5,000 employees.
The location offers good accessibility and many amenities in the immediate vicinity. Over the years, Oosterdokseiland has developed into a dynamic place where people come to work, live and meet. Oosterdokseiland has a large underground parking garage for 1,800 cars. The underground parking garage of Booking.com with 213 car parking spaces and 2,200 bicycle parking spaces will be connected to this.
The newly constructed campus will receive “BREEAM Excellent” certification and underscores Deka Immobilien’s approach to sustainable investing. Key innovative design features of the 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).
Deka acquired the property on behalf of two of her funds, Deka-ImmobilienEuropa en WestInvest InterSelect.