The total costs for the renovation of our head office on Frederiksplein in Amsterdam amount to approximately €320 million. This includes such matters as the renovation and rental of our temporary building at Amsterdam-Amstel (the Toorop building) and the move there and back.
The relocation of the gold stock and banknote operations from our head office in Amsterdam to the DNB Cash Centre in Zeist will cost a total of €200 million. This involves, among other things:
the construction of the DNB Cash Centre
the renovation of the premises in Haarlem where the gold stock and banknote operations are currently temporarily located
the temporary storage of gold and cash in Haarlem
the relocation, in October 2020, of gold and cash to Haarlem and, in 2023 (expected date), to Zeist.
In total, the estimated costs of renovating our head office and building the DNB Cash Centre thus amount to €520 million. This amount includes buffers to absorb any setbacks that might occur during such unprecedented construction and renovation projects.