Derelict building on Herengracht sells for €1.75 million

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A derelict building with one of Amsterdam’s most prestigious canalside addresses has been snapped up for €1.75 million.

The building at Herengracht 132 has stood abandoned since New Year’s Day 2008, when a stray firework destroyed its upper two storeys.

Owner Ewoud Lietart Peerbolte, a lawyer, businessman and thriller writer, wanted to restore the historic building to its 19th-century splendour, but was unable to keep up with mortgage payments amounting to €4 million.

He also faced a €630,000 damages claim from the owners of the building at number 134, whose foundations were weakened by the fire and which was plagued by damp.

The building had been due to be sold at auction, until property developer Hans Groeneweg came forward with a peremptory offer of €1.75 million.

A court approved the sale after no other potential buyer came forward to stake a claim.

Groeneweg admitted he had little idea what he is taking on. “I’ve had a bit of a sniff around on Google Earth,” he told Het Parool.

Herengracht, one of the main waterways in the “grachtengordel”, or ‘canal belt’ that defines the shape of central Amsterdam, is one of the city’s most iconic thoroughfares.

The building at number 132, which dates back to 1615, has a colourful history of its own, having variously been home to a
banking dynasty and a fashion emporium.

Following the fire in 2008 its owner discovered a set of plans and photographs in the basement that showed the interior of the building in the 19th century, which he had hoped to restore.

Groeneweg plans to rebuild the property as an apartment block. He said: “It’s a lovely location and I have a passion for monumental sites.”

Source: Het Parool: Ramppand Herengracht is nu van ontwikkelaar
Photo by jpmm

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