Author: Eduard Herkes

Crossover wants to be a green mix of offices als social housing

It will certainly be striking, the new Crossover complex that “area developer” AM is going to build in the Zuidas. It should be a green and sustainable building for entrepreneurs…

It will certainly be striking, the new Crossover complex that “area developer” AM is going to build in the Zuidas. It should be a green and sustainable building for entrepreneurs and starters on the housing market.

The special feature of this complex, which is due to rise on the corner of the A10 Zuid exit and the Europaboulevard in spring 2023, is that offices will be combined with social housing. There will be room for sixty “first-time home buyers” and an equal number of status holders. These homes will be managed by De Key housing corporation.

This housing concept contributes to the ambition of De Key to make and keep Amsterdam accessible for young people with a small budget,” says Eelco Siersema, Director of Real Estate for De Key. ‘De Key is renting these homes with a lease for the period of five years in order to promote the flow.’

But the Crossover building will also include 12,000 square feet of office space, ten owner-occupied homes and a 250-square-foot plinth for hospitality and social-society spaces. At the bottom of the building there will be a parking garage with eighty spaces, with spaces also reserved for car sharing.

Crossover is intended to be a “dynamic and bold” building, designed by Team V Architecture. All the roofs and terraces have space for water storage and both the offices and the apartments have access to spacious, green terraces. BAM Wonen is building the complex.

Translated with www.DeepL.com/Translator (free version)

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Corum offers stable investments

Transparent, stable and no-nonsense, that is Corum in a nutshell, This French investment company, founded by Frédéric Puzin in 2011, offers various investment solutions in 16 countries. This geographical diversification…

Transparent, stable and no-nonsense, that is Corum in a nutshell, This French investment company, founded by Frédéric Puzin in 2011, offers various investment solutions in 16 countries. This geographical diversification guarantees a sound spreading of risk. “The risk spread contributes to a great extent to the stable return on investment of 6%, a target we’ve achieved during each of the past eight years,” says Edwin Lips, Head of Sales of Corum’s Dutch branch.

The Novotel at Schiphol Airport, FedEx European headquarters in Hoofddorp and two shopping malls in Zaandam and Delft – just a few examples of properties acquired by Corum in recent years. In total, Corum has invested over half a billion euros on the Dutch property market. Globally, their portfolio has a value of nearly four billion euros; currently, Corum focuses its investments mainly on the Netherlands, Germany, France, and Finland. However, there is serious interest from Canada and Australia, so Corum expects to realize further growth soon.

How would you characterize Corum?

An investment firm with experienced professionals and a large network. We are able to respond quickly to situations as we have all the necessary expertise in-house: fundraising, investment, and asset management. Due to our short lines of communication we are able to make decisions faster than our competitors. Our goal is to offer our clients the best possible return on their investment; if you look at our track record, I think it shows we have always kept our promise.

Why did Corum decide to enter the Dutch market?

There are not many property funds on the Dutch market that enable private investors to invest in various countries in such a diversified manner. There are three ways to buy real estate: directly by investing in a building or indirectly through a fund, which can be either listed or unlisted. These are usually funds that focus on one market and one type of real estate, so they do not offer much spread. Corum invests in 16 countries, in 6 different industries and in 4 different currencies, so the spreading of risk is guaranteed. And I still don’t see any other company doing this in the Netherlands. That is what makes us unique.

Could you give a few examples of Corum’s investments in the Netherlands?

Corum bought the Zuidpoort shopping mall in Delft for 40 million euros and we purchased the Hermitage shopping mall in Zaandam for 27 million euros. Both these investments build on a strong business case with a good location, stable occupiers, and the right retail mix as the main pillars. And the presence of recognized brands such as Dutch supermarket giants Albert Heijn and Jumbo means this is a nice, tangible property investment for Dutch investors. That is something we find important as well. 

What is your target audience? 

Due to our accessibility we’ve attracted new clients from a wide range of backgrounds. Everyone is welcome. We have clients who have just entered the labour market or could be labelled as young professionals, but also investors who are turning away from the stock market and owners of companies who want to retire in 15 years’ time and are trying to build up a solid pension. We regularly welcome new clients who sold part of their property portfolio in order to use the easy investment options our Corum Funds offer. This is actually happening more often. But regardless of the type of investor, more and more Dutch people see our funds as a good alternative for the traditional savings account.

What kind of investment funds does Corum offer? 

We have two different funds: Corum Origin and Corum XL. Origin is the fund it all began with eight years ago; this fund is aimed at creating a stable, long-standing return on investment within the Eurozone. Cash flow is an important factor here. In 2017, we introduced Corum XL; with this fund we focus on the increased value of property,  looking for investments worldwide (excluding France). At the moment, both these open-end funds are run by the same teams. Origin represents investments of more than 1.9 billion euros, and the investments in Corum XL are currently totalling more than 800 million euros. Investing in Origin starts at 1,090 euros and the share price for XL 189 is euros. 

What is the return on investment? 

For XL, our target is 5% and in 2019, for the third year in a row, we’ve achieved more than 6% – in fact, it was 6.26%. For Origin, we’ve realized an ROI of 6.25%. However, our goal is not to achieve the highest possible return in the shortest amount of time. We’ve agreed with our shareholders to create a stable revenue source and a solid return on investment – and that is exactly what that figure of 6% represents. And it feels excellent that for eight years in a row now we’ve been able to pay out that sum every tenth day of every month.

Open-end funds are a deliberate choice? 

Absolutely. This way Corum Origin and Corum XL will keep on growing with the investments made by private investors. With their share prices (€ 189 and € 1,090, respectively) we’ve opened a market that previously was only accessible to institutional investors.

Corum invests in offices, shops, hotels, healthcare and logistics, but not in housing. Why?

Corum has chosen to keep all the aspects of property investment in-house and our strategy is to maintain a streamlined asset management. Rental housing requires a lot of management and this simply does not fit in with our formula. We try to minimize overhead costs in order to achieve the best results for our shareholders.

In which other countries do you operate? 

We’ve invested more than 150 million euros in Poland, one of the fastest growing EU member states and a country that offers good opportunities. Apart from Western Europe we are interested in the Baltic and Nordic countries. For example, Norway – where we started investing earlier this year – is a stable, mature economy. And we’ve also got our eyes on Canada and Australia. 

Asset management company BlackRock made sustainability an integral part of its investment strategy. To what extent are sustainable investments important to Corum?

Corum’s properties in the Netherlands are at least A-label office buildings, and all our buildings have a Breeam or Leed certificate. Corum is very much committed to sustainability and we really value the use of green energy and solar panels. And sustainability is also important in our sport sponsoring: we do not sponsor Formula 1, but focus entirely on international sailing races. Since 2018, we are the sponsor of one of the best-known skippers, so his beautiful mono-hull IMOCA 60 sailing boat carries the Corum name and company colours. 

Picture: Edwin Lips, Head of Sales Corum Netherlands

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Irine Gaasbeek: ‘Diverse teams are more creative’

Not getting the job because you are a woman? “Totally unacceptable,” says Irine Gaasbeek, Country Managing Director for Accenture Netherlands. “That would really be an injustice.” Her employees agree with…

Not getting the job because you are a woman? “Totally unacceptable,” says Irine Gaasbeek, Country Managing Director for Accenture Netherlands. “That would really be an injustice.” Her employees agree with her and won’t set up project teams that predominantly consist of men. “They know I won’t buy it if they say they can’t find capable women to include in their team. Just look further and you’ll find them.”

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STOX Energy Socks move to Zuidas

As from the first of August, STOX Energy Socks have taken up residence at Zuidas. To be more precise, the new premises of the scale-up can be found next to the…

As from the first of August, STOX Energy Socks have taken up residence at Zuidas. To be more precise, the new premises of the scale-up can be found next to the Olympic Stadion. “Our Herengracht office was not big enough. This new location suits us perfectly,” says Wouter de Keizer, CEO at STOX.

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Upperbloom upgrades your balcony!

Are you the one, blessed with a balcony or courtyard? Upperbloom upgrades your balcony with the most beautiful greenery and makes sure it keeps on blooming. All-year-round. And for those, lacking the…

Are you the one, blessed with a balcony or courtyard? Upperbloom upgrades your balcony with the most beautiful greenery and makes sure it keeps on blooming. All-year-round. And for those, lacking the gardener’s skills: There is not much looking after.

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Cobra shows surrealist masterpieces

In the coming months, the Cobra Museum of Modern Art in Amstelveen will be exhibiting forty masterpieces from the surrealism collection of the Boijmans Van Beuningen museum in Rotterdam, before…

In the coming months, the Cobra Museum of Modern Art in Amstelveen will be exhibiting forty masterpieces from the surrealism collection of the Boijmans Van Beuningen museum in Rotterdam, before going on a world tour.

The museum lends its works of art to museums in the Netherlands and abroad, because the museum is being rebuilt. The Cobra Museum benefits from this because the surrealism collection of the Boijmans belongs to the world top.

The exhibition consists of ‘the currants from the surrealist porridge.’ Key works by Salvador Dali, René Margritte, Andre Breton, Man Ray, Eileen Agar and Max Ernst will be on display. On the ground floor of the museum is an exhibition about the similarities and differences between Surrelism and the Cobra movement.

The exhibition ‘This is Surrealism! The Boymans Masterpieces’ can be seen from 1 June to 27 September, seven days a week. There is an audio tour and there are continuous guides in the museum, to give an explanation.

Walking routes are indicated via a sophisticated dot pattern for safety. Tickets must be purchased online in advance via the museum’s website and there is a walk-in time (timeslot).

 

Photo: Mae West, Lippensofa, Salvador Dali

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VU open info evening online

Due to the Coronacrisis, VU Executive Education organizes an Information Evening online on May 13th. There will be several ‘live’ presentations and Q&A sessions for professionals about: Accounting & Control, Finance and…

Due to the Coronacrisis, VU Executive Education organizes an Information Evening online on May 13th. There will be several ‘live’ presentations and Q&A sessions for professionals about: Accounting & Control, Finance and Management & Leadership.

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New delivery service for Amsterdam shops

Those who live within the ring of the A10 can now order products, which will be delivered to their home the same day. This is an initiative of Peddler, a…

Those who live within the ring of the A10 can now order products, which will be delivered to their home the same day.

This is an initiative of Peddler, a young company (start up) that wants to support local Amsterdam shops and the local economy. Via the website www.lokaalamsterdam.com it is currently possible to order products from around fifty shops. These are delicatessens, florists, clothes shops and wine shops. More and more retailers are joining this delivery service.
Bicycle couriers ensure that the purchased products are delivered the same day, completely contactless.

The corona crisis is severely affecting the middle city. Retail advisor Bureau RMC reports a drop in the number of shop visitors of more than 70%. As a collective, united in Local Amsterdam, local retailers can guarantee their continuity and improve their online visibility, the initiators say.
Click here for more information.

 

 

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Unique Porsches in Ben’s Garage

In Ben’s Garage, the recently opened cellar of the Move Mobility Experience at the Stadionplein, a unique collection of Porsches is currently on display. Visitors are given a tour of…

In Ben’s Garage, the recently opened cellar of the Move Mobility Experience at the Stadionplein, a unique collection of Porsches is currently on display.

Visitors are given a tour of a number of special models, including the very first Porsche 356, which was sold in the Netherlands in 1949. The 911 Carrera 4S Ben Pon Jr., named after Porsche Ambassador Ben Pon Jr., who passed away last year, can also be seen.

More than seventy years of Porsche in the Netherlands comes to life in Ben’s Garage. From the Porsche 356, which came on the market in 1948 as the sports car manufacturer’s first model, via the 946 Targa, which was used by the Dutch National Police in 1992, to the 991.2 GT2 RS, the most powerful 911 ever. Visitors are given a tour of eleven models and hear stories never told before behind the cars.

Ben’s Garage is named after Ben Pon jr., also known as ‘Mister Porsche’. His family business became the very first Porsche importer in the world in 1949. In addition to being an importer, Pon jr. was also a racing driver in various models of Porsche. His endless love for the Stuttgart sports car brand is now temporarily given a place in the recently opened to the public cellar of the Move Mobility Experience.

In this experience, the first of its kind in the Netherlands, you can make an interactive journey through the history, but also the future of mobility. It is located right next to the Olympic Stadium. Here you can also admire the latest and ‘future’ models of bicycles and cars, including Gazelle, Cervélo, Audi, Porsche and Bentley.

Ben’s Garage is open every Saturday and Sunday. Visitors should book a half-hour slot on https://move.amsterdam/gebouw/bens-garage/ in advance. Admission to this temporary exhibition amounts to five euros for children under 12 years of age and ten euros for everyone over 12. Afterwards, visitors will receive a collector’s item poster from Porsche as a souvenir.

The exhibition, which began in February, will be on display for a few months. The experience itself can be visited at the Stadionplein in Amsterdam from Tuesday to Sunday between 10 and 17 hours. Move is suitable for young and old and is free of charge. Reservations can be made via the website www.move.amsterdam. The Porsches collection can only be visited temporarily, every Saturday and Sunday.

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‘Aesthetics and sustainability can go hand in hand’

Visitors entering Circl are likely to come across Marijn Muller or a piece of sustainable furniture from his company, Cartoni Design. Circular is keyword to what Marijn does and stands…

Visitors entering Circl are likely to come across Marijn Muller or a piece of sustainable furniture from his company, Cartoni Design. Circular is keyword to what Marijn does and stands for.

Marijn grew up in The Hague and was soon known cross Marijn Muller or a piece of sustainable furniture from his company, Cartoni Design. Circular is keyword to what Marijn does and stands for.as ‘that boy with the dog and the colourful clothes’. And that hasn’t changed in all these years. “I guess I just have my very own style: I like to wear pink shirts and pink jumpers made of lambswool. For more official occasions I always take a tweed jacket with me. It makes me feel comfortable.”

“Recently, I talked to a high-school friend and she said that I haven’t changed one bit. I’m still wearing my Ray Ban Wayfarer, the classic Blues Brothers sunglasses.”

Marijn also uses his outfit as a statement to show that he is closer to the creative industry than the other companies at Zuidas. “With Cartoni Design we show that aesthetics and sustainability can go hand in hand. Only four years ago, people were wondering if this was actually possible and now everyone is doing it. A company that is not looking at sustainability, is doomed and will soon be out of business.”

Marijn gives ABN Amro advice on interior design, that’s why he holds office in Circl – ABN Amro’s circular pavilion – and exhibits durable and innovative solutions here. “The whole world visits this place: designers, architects, large companies like DSM. I connect them, give presentations, organize exhibitions. There is a lot of knowledge sharing and that’s a good thing because no-one has yet found the perfect way to create a real circular society.”

 

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