Bungehuis sold to Aedes Real Estate

The sale has been confirmed by Vice-President of the Executive Board Hans Amman, who prefers to refer to it as a “provisional sale” because “conditions precedent” still apply.

However, Aedes Real Estate itself is less cautious: as the owner of the building, the company has scheduled an information evening for next week to discuss its plans for the building, which is set to be transferred to Aedes Real Estate in the spring of 2016. How much the real estate company will pay the UvA is not known, but according to Amman, it is “not far off” an earlier estimate in Folia by Professor of Real Estate Management Peter van Gool. He estimated the sale value at “between fifteen and twenty million”. Aedes Real Estate itself is not available for comment.

Hotel company

What Aedes Real Estate plans to do with the property is not yet known. What is known is that Aedes Real Estate specialises in the (re)development of inner-city real estate and/or heritage properties and that many Aedes Real Estate properties are now or will be occupied by hotel companies. For example, the former Burgerziekenhuis hospital has been leased to Hampshire Hotel - The Manor, the former public library on Prinsengracht has been renovated and leased to the Andaz hotel, and the former Emma Children’s Hospital on Sarphatistraat is currently being converted into the Hyatt Regency hotel.

It is now up to the Faculty of Humanities to make plans for a move in collaboration with the housing development department. In the future, the faculty will be located on the University Quarter campus, which is currently under development. A small part of this – the former Crea building – will be used for art history and general cultural studies programmes in the second half of this year.