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Wed February 24 2021

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BAM team lands €267m Dutch government PPP

20 May 14 The central government of the Netherlands has awarded a consortium of BAM, ISS and OMA a €267m (£212m) public-private partnership (PPP) contract for the renovation of a ministry building.

The PoortCentraal consortium will renovate the Rijnstraat 8 building in The Hague to house a number of ministries as part of a masterplan for office accommodation in the city.

The project entails the renovation of an existing building originally designed by Jan Hoogstad in the mid-1980s. The design for the transformation of the building is by OMA, in cooperation with Ector Hoogstad Architects, Wessel de Jonge Architects, YNNO, DGMR, Arup, BAM Advice & Engineering and Valstar Simonis.

The consortium, consisting of BAM PPP PGGM, BAM Utiliteitsbouw, BAM Techniek and ISS Nederland is financially supported by Rabobank International and Allianz Global Investors Europe. Financial close is expected to be achieved in July. 

The PPP contract has a duration of 25 years with a net present value of €267m. It will be signed on 2 June and renovation work is due for completion in 2016.  The organisations involved are expected to move to the renovated building at the beginning of 2017.

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