Ballast Nedam Development Acquires Rotterdam Building

Ballast Nedam Development has reached an agreement with B. Fast Holding BV on the purchase of Rotterdam Building at the Aert van Nesstraat in the centre of Rotterdam. The acquisition actively fulfills its ambition to (re-)develop the inner city area to an attractive working and living environment.

Rotterdam Building is a multi-tenant building of approximately 22,000 m² of office space and an indoor parking lot. It is located on an attractive location between Coolsingel and Lijnbaan. Ballast Nedam Development will sustainably redevelop the office, adding a significant program and creating a lively appearance. In doing so, the redevelopment is in line with the vision of the Rotterdam municipality for the city centre. Currently, the multi-tenant building is largely let.

"The redevelopment of the outdated building Rotterdam Building is an excellent opportunity to give well-deserved allure to this part of the Rotterdam city centre. The development will take place in close cooperation with the Rotterdam municipality. With the acquisition of Rotterdam Building, we are fulfilling the growth ambitions of Ballast Nedam Development" (Sten Karelse, Director of Ballast Nedam Development)