Berlin Hyp finances €73.4 million for the Zadelhoff/Wonam joint venture for conversion of an office complex in Amsterdam due to a change to mixed use

Berlin Hyp is providing a loan of €73.4 million to the joint venture between the Zadelhoff and Wonam Groups for a development.

This will finance the conversion of the former ING headquarters in Amsterdam into a mixed-use property with a predominantly residential component. In addition, office space and retail areas are planned. The total rental area will be around 9,000 square metres.

After the end of the development phase, Berlin Hyp will also provide the long-term loan for the property.

Zandelhoff and Wonam were advised by Deloitte Debt and Capital Advisory, DLA Piper advised Berlin Hyp on the transaction process.