PingProperties acquires Metropool complex in Amsterdam city centre
15-06-2025
On behalf of the PingProperties Trophy Fund II, PingProperties has acquired the Metropool complex in the centre of Amsterdam from Aberdeen Investments. The multifunctional building, with a lettable floor area of around 14,500 m², offers a mix of office, hotel and retail space.
The 154-metre long building is situated on the east side of Weesperstraat, across from Nieuwe Keizersgracht and the Magere Brug. It is strategically located in the bustling heart of the city, with Weesperplein metro station within walking distance and close to prestigious academic institutions such as Amsterdam University of Applied Sciences and the University of Amsterdam. Also in the immediate vicinity is the City Hall (Stopera) as well as a variety of cultural hotspots. The district forms part of the innovative Knowledge Mile, a living laboratory where a diverse community of some 30,000 residents, 60,000 students and more than 200 businesses collaborate on creating a sustainable and inclusive urban district.
The Metropool Building
This former municipal office building was transformed in 2016-2017 into a multifunctional complex consisting of 7,400 m² office, 6,100 m² hotel, 550 m² archive and 450 m² retail space. The office portion of the building has been laid out as a modern multi-tenant office building across 5 floors, with a smart central entrance on the ground floor. The office portion is currently 94% occupied by multiple tenants, including Elephant and WeWork. The hotel is fully leased to the ZOKU hotel chain, a successful incubator-style home-office concept. Apart from this flagship hotel in Amsterdam, ZOKU has hotels in Copenhagen, Paris and Vienna. The building’s ground floor and mezzanine, which are directly accessible from a wide pavement along Weesperstraat, have a mix of offices, retail units and leisure amenities.
Letting strategy
PingProperties will be carrying out further sustainability work on the office portion of the Metropool building for letting purposes. The aim is to bring the building up to the high sustainability level of A++, in line with modern standards and PingProperties’ ESG targets. These improvements will not only contribute to a smaller environmental footprint, but also enhance the attractiveness of the building for tenants.
Sander Rovers (Chief Transaction Officer – PingProperties): ‘It is very special to be able to do this landmark deal. Metropool is a building with a rich history. The complex has always shown itself to be flexible in use, making it a highly adaptable proposition at an incredible location. At this spot in Amsterdam there is always energy, no matter what time of the day you’re here. Its multifunctional character also gives considerable depth to the investment case where sustainability and revitalization are paramount. In these times where there is a renewed appreciation for reconstruction architecture – and the building will shortly obtain listed status as a result – I look forward to giving Metropool a fantastic future.’
PingProperties was advised on this purchase by NDRP Real Estate (commercial), Loyens & Loeff (legal) and RechtStaete (tax). Aberdeen Investments was advised by NL real estate I Knight Frank (commercial) and DLA Piper. BerlinHyp provided the acquisition finance.
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