A media entreprenuer has purchased the entertainment and events space Westergasfabriek in Amsterdam from MeyerBergman Erfgoed Groep.
Financial details were not disclosed.
Duncan Stutterheim, who founded the Dutch events company ID&T and has created dance events, a record label and a media group, has bought the 17-building complex in joint venture with developer Millten and Harvest Vastgoed.
Comprising more than 20,000 m2, the asset includes an 89-room hotel, currently under construction. More than 70% of the entire project is in use by permanent tenants (approx. 14,500 m2) while 30% is available for temporary letting (approximately 5,600 m2). Currently there are 33 permanent tenants, including Mr Kitchen, Pacific Parc and Ketelhuis, who were in the project's original tenant line-up.
MeyerBergman Erfgoed will continue to be involved as an active shareholder (50%) in the former gas works site, with Stutterheim and his wife Lisca, together with Millten, holding the other 50%.
The project dates back nearly 20 years, to 1999, when MAB - the former company of A.Th. Meijer - redeveloped the heavily polluted Westergasfabriek site at the request of the municipality of Amsterdam.
