Vesteda transfers all activities into one new head office in Amsterdam

Regional offices will be maintained

Vesteda plans to relocate the activities of its three main offices to one head office in Amsterdam. The move is foreseen for the first quarter of 2017.

The former head office in Maastricht and both locations in Amsterdam will be centralised in one new head office. Vesteda’s existing five regional offices will be maintained. The new head office is located on De Boelelaan in Amsterdam Buitenveldert, directly opposite the Zuidas business district. The office space is located on the lower floors of the completely renovated and recently completed apartment building De Boel. Vesteda’s total number of FTEs will remain practically the same, providing a solid basis for the planned growth of its portfolio.

Gertjan van der Baan, CEO Vesteda: "As a result of the closure of our office in Maastricht, we will unfortunately have to say goodbye to some of our valued colleagues. These are our colleagues who choose not to relocate to Amsterdam. This is could involve more than 60 employees. However, we see the transfer of all our activities to one office as an essential step towards further improving our services and achieving our growth objectives.”

Before the plans come to a final decision, the Works Council will be asked to provide their advice.

About Vesteda

Vesteda is an investor with a clear focus on the Dutch residential real estate market. Vesteda invests funds for institutional investors, including pension funds and insurers. Vesteda has total capital of approx. €3.8 billion invested in real estate. The company’s rental portfolio stands at a total of around 22,500 units. Vesteda’s key investment regions are the Randstad and the Brabantine City Row. In 2015, Vesteda generated a net result of €316 million, with approx. 200 employees.