Victory Group and G&S Vastgoed B.V. signed an agreement to acquire Gustav Mahler Building from ABN AMRO Bank N.V. (ENXTAM:ABN) for €765 million on December 9, 2021. ABN AMRO will lease back the entire building during the redevelopment of the Foppingadreef offices expected to complete in 2025. ABN AMRO's Corporate Banking client unit has arranged the financing for the transaction. The transaction will result in a pre-tax profit of EUR 338 million, which will be booked in Q4 of 2021. Hendrik Jan Schimmel, Andrei Babiy and Gareth Lawson from Taylor Wessing acted as legal advisor to Victory Group. Osborne Clarke N.V. advised Victory on all Dutch tax matters of the transaction. The team at Osborne Clarke was led by Job van der Pol with support from Cees Graafland and Aram Hovanesjan.

Victory Group and G&S Vastgoed B.V. completed the acquisition of Gustav Mahler Building from ABN AMRO Bank N.V. (ENXTAM:ABN) on December 23, 2021.