Vesteda continues to invest and acquires Frank is een Binck project from Stebru

Vesteda and developer Stebru have signed a turnkey agreement for the development and realisation of 205 rental homes and more than 4,600 m2 of commercial space in the Binckhorst neighbourhood of The Hague. This extraordinary residential and office complex deserved a special name: “Frank is a Binck”.

Over the next few years, the Binckhorst neighbourhood of The Hague will be transformed into an attractive, urban mixed-use residential and working area. As part of this area redevelopment, Stebru is realising 143 apartments for Vesteda at the junction of Melkwegstraat and Saturnusstraat. The building includes 62 government-regulated social rental homes, 142 mid-segment rental homes and more than 4,600 m2 of commercial space. The apartments vary in size from 48 m2 to 86 m2, with an average apartment size of 68 m2. Pieter Knauff, director Acquisitions at Vesteda, is pleased with the new acquisition: “In these dynamic times, Vesteda continues to invest in the much needed production of attractive rental homes for middle income earners. Project Frank is a Binck will be realised in the creative heart of the new Binckhorst neighbourhood, on the Binckhaven waterfront and just a stone’s throw away from the Caballero factory. The modern and robust residential complex is an excellent fit with our ambition to invest in affordable homes for a broad target group in and around big cities.”

In addition to homes, the complex will also include commercial units with open working areas for scale-ups and mature enterprises. The bars and restaurants will be located on the Binckhaven waterfront and in the detached Van Klingeren Pavilion. This pavilion, designed by Frank van Klingeren in the 1970s, is named after its designer. The steel and glass building is currently ‘in storage’. Stebru director Robert Steenbrugge: “Frank is a Binck is an excellent example of how a building can connect living, leisure and working and how to stimulate meetings of all three. The re-use of the Van Klingeren wing is a great example of circular building and gives the project a unique identity.”