NSI future-proofs the monumental Bentinck House
CBRE real estate transformation
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NSI’s new vision
“NSI is a Dutch office investor with a portfolio of 63 freehold properties. They have a combined value worth around 1.3 billion euros”, said Annemarie de Leuw, Asset Manager and Sustainability Coordinator at NSI. “We have two important stakeholders as a listed company: our tenants and shareholders. Their interests go hand-in-hand because satisfied tenants create value within our portfolio”.
“Our increasing focus in the last few years has been on the development of sustainable and healthy offices of the future. Our earlier portfolio management revolved around the optimisation of leasable space and asset rotation, but now we are also investigating development and redevelopment potential. A currently unprofitable building can become profitable – provided that the location is good, and the building has a strong basis for transformation. It was new territory for us in 2018, and we have been building up our knowledge and capacity”.
Challenge #1: a monumental building at an A location
“We had our eyes on Bentinck House in The Hague. It was an empty building on Langue Voorhout, a chic tree-lined avenue at the corner of Binnenhof. It’s a fantastic location! The building itself was quite dated and had been vacant for quite some time. There were also a number of sustainability issues that needed to be improved”.
“Since this was going to be our first attempt at redeveloping a building ourselves, we decided to look for an expert party to support us. CBRE turned out to be the best match because of their extensive experiences in building transformations. Ultimately, their specialists joined our project team. Their experience was a welcome addition”.
The 1700’s meets the 1990’s“The Bentinck House consists of two parts. The first is a monumental building from 1751. The second is a horseshoe-shaped building that dates from the 1990’s. Both parts had their own unique challenges. Many surprises came with the monumental building, and there were often differences between the blueprints and reality. The newer building was already very dated. For example, the offices located around the atrium did not overlook the courtyard, but a hallway. That gave very little light and feeling of space”.
Light, air and space
“We removed the hallway which immediately gave all of the offices a pleasant view. In fact, we widened all of the windows by 42% in the newer building, which means more daylight. Sensors monitor the building’s air quality and pump oxygen in when there is a surplus of CO2. That means that even intensive-use rooms, such as meeting rooms, are always fresh. We replaced the reception staircase with a stylish spiral staircase. That immediately gives some fresh appeal to the entrance”.