Bekke & Partners and Ten Brinke have acquired the former Philips headquarters of c 33.000 m2 in Eindhoven (Vredenoord). The object also known as "The VB building", was completed in 1964 and is one of the most famous buildings in Eindhoven due to its unique construction, namely: a concrete core which holds up the floors and facade parts. The VB building is a symbol for Philip's growth post World War II. As a result of its establishment on elevated land, and thereby rising above the city, it has as status of national importance and will soon be a national monument.
The buyer shall, with respect to its monument status and surrounding environment, give the object a new balanced function where one of the possibilities is the transformation to residential and/of care.
Shield Capital initiated this off-market transaction on behalf of the buyer, whereby Taylor Wessing acted as the legal advisor and notary of the buyer. CBRE advised the seller Paribus throughout this transaction.