PingProperties sells head office of the Tax and Customs Administration to Real I.S.


On behalf of its Corporate Office fund I, PingProperties has signed the unconditional sales contract for the head office of the Tax and Customs Administration with the German investor Real I.S. The prestigious office building, better known as ‘Het Boek’, will be transferred on 1 April 2011. PingProperties will remain responsible for the commercial and technical management.


PingProperties recently concluded a long-term lease for Het Boek with the Government Buildings Agency, which acted on behalf of the Tax and Customs Administration. The building accommodates the largest tax office of the Netherlands.


For the lease extension an innovative form of contract was concluded, of which a Service Level Agreement forms an integral part, thus ensuring the long-term upkeep of the building. Partly for that reason, and because of the long-term and good collaboration between PingProperties and the Government Buildings Agency, it was decided that PingProperties would continue the asset management.


A spokesman of PingProperties describes the property as a true landmark with 40,000 sqm of office space, located in the Teleport office district in Amsterdam. The building is directly visible from the A10 ring road and provides easy access by train and metro, with Sloterdijk station only a stone’s throw from ‘Het Boek’.


The deal has been arranged through the PingProperties Corporate Office fund I, managed by PingProperties.

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