CAREERS CONSUMER CLIENT? GO TO NIBC DIRECT MENU Home Corporate & Investor Clients Client Cases NIBC finances purchase and development of former V&D Building in Groningen NIBC finances purchase and development of former V&D Building in Groningen MWPO is a real estate developer. The company is focusing on striking buildings and iconic hotspots at top locations to create housing programmes and innovative working, hospitality and retail concepts. The building of the former V&D department store is located on the impressive location Grote Markt in Groningen. MWPO has ambitious plans with the building. The building has been largely vacant since the bankruptcy of V&D. However, it will be given a new lease of life. MWPO plans to establish offices, a restaurant (LaPlace) and a Jumbo super market. This boosts the liveliness of the city centre. Groningen is characterized as a city with many young residents, rich in start-ups and scale-ups and a the city has a large concentration of IT businesses. As a result, the demand for workplaces at central locations in the bustling city centre is high. With this development the demand can be met. The Assignment MWPO requested NIBC to provide an acquisition and redevelopment financing for the before mentioned building. After an on-site visit, the NIBC deal-team saw the potential of this building. It was key to look through the current state of the building and envision the plans that MWPO has. Adding Value NIBC was able to add value to provide the client with a loan, tailored to the building and envisioned plans. We have in-depth knowledge of the Groningen real estate market and a strong track-record with these type of (inner-city) redevelopment projects. By utilizing these assets, NIBC was able to collaborate in a efficient and professional way. Delivering results Now the building is purchased by the highly entrepreneurial real estate developer MWPO. The plans for the building will be further developed in the coming weeks. The construction starts at the end of 2019. And one year later, the first tenants and visitors are expected to be able to enter the renovated building that will be renamed ‘Het Groot Handelshuis’. RELATED LINKS COMMERCIAL REAL ESTATE Commercial Real Estate With the support of NIBC we are able to realise our ambitions to redevelop one of the best locations in the city of Groningen. We appreciate the quick turn around and expert advice of NIBC Kristiaan Capelle, Director at MWPO PLEASE CONTACT Jan Willem van Roggen +31 (0)70 342 5980 JanWillem.van.Roggen@nibc.com LinkedIn profile Welcome to NIBC.com We, NIBC Bank N.V., use functional cookies to ensure that this website works properly. We’d also like to place optional analytical cookies on your device which enable us to collect information about the use of this website, so that we can offer you an optimised website experience. You can choose not to provide your consent for the use of analytical cookies. If you do consent, you can withdraw your consent at any time. You can find more information in our Cookie Policy and our Privacy Statement. REJECT ANALYTICAL COOKIES ACCEPT ANALYTICAL COOKIES CALL ME BACK Headquarters NIBC Bank N.V. Carnegieplein 4 2517 KJ Den Haag Nederland +31 (0)70 342 5425 info@nibc.com +31 (0)800 409 409 4 (Savings and Mortgages) info@nibcdirect.nl Quick links NIBC Direct NIBC Vastgoedhypotheek Disclaimer Cookie Policy Privacy Statement SFDR Modern Slavery Statement Social follow us on: