Press release | Cobraspen Real Estate sells Haarlems property project for €44 million

Cobraspen Real Estate sells Plaza West on the Westergracht in Haarlem to the building combination Plaza West Haarlem BV. The location has a total development capacity of 80,000 square meters, of which 25,000 square meters has been filled with the Plaza West shopping centre. The buyer has set himself the goal of realizing the 50,000 square meters of homes at this location. The sale involved an amount of 44 million euros. This transaction is one of the larger property transactions from 2016 to date.

The former PTT Expedition node was purchased in 1995 by Westergracht Vastgoed (Westergracht Real Estate), a subsidiary of Cobraspen Group. The real estate company decided not to demolish the building, but to redevelop it into a new shopping area. More than 18 years were needed to change the zoning plan of the old mail sorting centre into a zoning plan that revolves around retail, housing and social purposes. With visible results, the shopping centre is a sample of redevelopment and creativity. In the meantime, chains such as Albert Heijn, Aldi, Gall & Gall, Etos and Action have been established here. Soon a subsidiary of Fit4Free and Monkeytown will also make their appearance.

Luigi Prins, founder & president of the Cobraspen Group, calls the area a jewel: “Where others would demolish this unique building, we have been able to keep it and give it a new life. We have made a strong commitment to redeveloping this area for more than 20 years and we are proud of this example of redevelopment and creativity. It has resulted in the most successful shopping centre in Haarlem, certainly in the prospect of the 300 residences to be realized at this location.”
In 1985 the then PTT Post deposited the complex for a small 100 million guilders, based on a design by the Wiegerinck architectural firm. The location was seen as a model of post-war architecture in Haarlem.

About Cobraspen
Cobraspen Vastgoedontwikkeling has been the specialist in the restoration of monuments and re-use of buildings and complexes in the Haarlem and Amsterdam regions for over 30 years. Cobraspen gives new life to cultural and industrial heritage and thus preserves this heritage for the future.

Contact
For more information, you can contact Oscar Persoon (Corporate Affairs) of the Cobraspen Group, by phone 06-22413839 or Paul Smeele from PR agency Press Record via 06-24875484.

“Where others would demolish this unique building, we have been able to keep it and give it a new life. We have made a strong commitment to redeveloping this area for more than 20 years and we are proud of this example of redevelopment and creativity.”

– Luigi Prins, Founder & President Cobraspen Group