Framework agreement between municipality of Enschede and Amstelland for the development of Business

The municipality of Enschede and Amstelland Ontwikkeling Vastgoed BV have signed a framework agreement for the development of the Business & Science Valley project in Enschede.

This framework agreement provides for the phased purchase of land from the municipality of Enschede by Amstelland. This land is intended for the development of eleven buildings for offices and businesses near Drienerlo rail way station at the Enschede Business & Science Park. Following completion, the total investment will amount to approximately € 32 million.

According to a previously adapted urban plan, nine buildings totalling approx. 12,500 m² gfa will be developed for scientific activity. The buildings will accomodate high-quality technological organisations focused on knowledge-related services and the development of knowledge-intensive products or production processes. In addition, two buildings totalling approx. 6,000 m² gfa will be developed for professional services.

Urban plan
As a result of the urban plan, the design of the public space as a green valley and the matching architecture, a particularly cohesive plan has been developed. The buildings will be located on a central green structure that connects to half-sunken parking facilities near the Drienerlo station forecourt.

Small-scale, distinctive buildings
With sizes varying between 1,300 and 3,300 m², the buildings are small-scale in character, yet, their high-profile architecture offers future users a great degree of individual distinctiveness and prestige.

Business & Science Valley will be developed and completed in phases. The small-scale character and individual distinctiveness of the buildings are expected to yield good letting opportunities. Amstelland will start marketing activities for the first buildings in the autumn of 2002.

With the completion of the Business & Science Valley, the Business & Science Park is nearing its conclusion. In the past few years, the business park - located close to the University of Twente – has developed into an absolute top location for high-tech businesses and offices in the professional services sector. Approximately 200 businesses have already been established on this (almost) 20 hectare site, including Ericsson, CMG, Lucent, Arke/Travel Unie, Deloitte & Touche and KienhuisHoving lawyers and civil-law notaries. About 4,000 people are currently employed on the site.

(source: Amstelland)

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