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First two Temporary Palaces locations in Amsterdam fully let

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15/06/2021

Just six months after opening its first location in January 2021 at the Mr Treublaan 1-3 in Amsterdam, Temporary Palaces has fully let the 4,800 sq m of office space. The former school building is operated by Temporary Palaces under the 'Lokaal Lokaal' concept as a temporary 'work community' until it is redeveloped. Additionally, the second location of Temporary Palaces at Overschiestraat 188 in Amsterdam comprising 4,300 sq m is reaching full occupancy. The property comprises 2,000 sq m of office space and 2,300 sq m of warehouse space.

Due to this success a third location, Bureau Riga at Rigakade 10 in Amsterdam, recently opened. The building comprises 2,800 sq m of office space and is now also fully let. Temporary Palaces has signed lease agreements with various freelancers, startups and scaleups, including ConnectBike.

Workthere, the digital flexible office space platform of real estate advisor Savills has advised on the (sub)letting of the spaces.

Justin Kruseman Aretz, Head of Workthere Netherlands, says:

“According to our latest research report*, the number of search enquiries for flexible office space was 50% higher in January 2021 compared to January 2020. The concepts Temporary Palaces implement in vacant buildings is unique in the current market - a creative hotspot that encourages a lively community, while the building awaits its (re)development plan. We are proud that we have been able to attract suitable tenants for this unique office space via our Workthere platform.”

Nick ’t Riet, Paul Kuilboer and Daan van Schaik, founders of Temporary Palaces, add:

“So much more can be gained from vacant properties, even with a temporary character. This includes financial returns for the owners, but more importantly, the location comes to life before a new building is completed, which can sometimes take years. Location marketing (placemaking) has a positive influence on future use. It provides the neighbourhood with a place they can be proud of, now and in the future. The success of our formula lies in creating a clear concept for each location and a community between the users. We are looking for a fourth location to further expand.”

There are still a few workspaces available at the Temporary Palaces location at Schinkel in Amsterdam.

*Read Workthere's latest research report here