ING Real Estate Investment Management has bought the new office development Cap Campus on Papendorp-Zuid in Utrecht. The new head office of Cap Gemini Ernst & Young is based in Cap Campus. The whole complex of 42,000 mò has been added to the ING Dutch Office Fund.
Cap Campus has been developed by AM Development, based on a masterplan by T + T Design. Cap Campus comprises 4 newly built office buildings and a conference center, designed by De Architecten Cie (Frits van Dongen) and Ed Veenendaal (Veenendaal and Bocanet). The complex has a total size of 42,000 mò. This is divided over the Main Building (13,000 mò), North Building (6,100 mò), Middle Building (5,800 mò), South Building (6,200 mò), Conference Center (7,900 mò) and an underground ââ¬Ëspinââ¬â¢ (3,200 mò). In total there is an availability of 1,088 parking spaces, almost all underground. Cap Gemini Ernst & Young will be renting Cap Campus for a term of 10 years. This term is valid for the Main Building and the North, Middle and South Buildings. For the Conference Center and the ââ¬Ëspinââ¬â¢ a term of 15 years applies. The ING Dutch Office Fund is a closed-end, unlisted fund for institutional investors. The fund at the moment has a value of â⬠1.7 bln.