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Kas Bank leaves the city centre and Maxeda/Praxis moves its headquarters

Kas Bank is moving out of Amsterdam Centrum and is entering into a lease for approx. 6,000 m² of office space and 51 parking spaces at the Entree 500 in Amsterdam Zuidoost. Maxeda/Praxis is moving its head office to the Diana & Vesta office building in Amsterdam Zuidoost and is leasing more than 3,600 m² of office space.

Due to Kas Bank’s housing demand, and on an initiative lead by APF International, the relevant real estate consultants NL Real Estate and JLL and Fotex’s investment manager (Fotex is the owner of the office building at De Entree 500), a number of relocations have started.

Kas Bank has signed a long-term lease of approx. 6,000 m² of office space and 51 parking spaces in the office building located at Entree 500 in Amsterdam Zuidoost. The building at the Entree 500 is currently still in use as Maxeda/Praxis’s head office. Maxeda/Praxis then rented 3,600 m² in the Reggeborgh Vastgoed building, Diana and Vesta, located on Herikerbergweg 181-342 in Amsterdam Zuidoost. After the ABN Amro bank left the building, various parties in the market examined the possibilities for redevelopment.

When none of those plans proved feasible, the owner directly commissioned ZZDP Architects for a modest redevelopment based on the existing footprint. Soon the building turned out to be suitable as a new head office for the Praxis. At the end of 2016, Kas Bank sold its current head office at the Nieuwezijds Voorburgwal 225 to the Kroonenberg Group. The financial institution will move into its new head office on 1 September 2017.

Kas Bank is Europe’s specialist in the field of custody and administration of securities and high-quality risk and reporting services. They focus entirely on business securities services for professional parties in the pension and securities sector. Their core markets are the Netherlands, the United Kingdom and Germany. They serve more than 90 markets worldwide. The company is listed on NYSE Euronext Amsterdam. Kas Bank currently holds and manages over €505 billion in Assets under Administration.

Kas Bank N.V. was assisted throughout the commercial process by NL real estate and the landlord, APF International/Fotex, was advised by JLL.

Reggeborgh Vastgoed was advised by Van Gool Elburg Vastgoedspecialisten.

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