Frequently asked questions about the renovation of DNB's head office
De Nederlandsche Bank (DNB) is renovating its head office. Below you will find frequently asked questions about this project and the answers.
Frequently asked questions
Categories
About the building
The following things will change for you as a neighbour:
- The main entrance moves from Westeinde to the Sarphatistraat/Frederiksplein side.
- The round tower will be demolished.
- From Utrechtsestraat you can look to the south again – the view is now blocked by the round tower, which was built in the 1990s. The situation will be restored to the sight line envisaged by Marius Duintjer, the original architect.
- We will have plenty of greenery in, around and on top of our building. It will be laid out in cooperation with the City of Amsterdam. We have opted for evergreen plants. The fence around the building will be removed.
- Parts of the fence will be reused in the east and west sides of the building.
- The entrance to the parking garage will move from Westeinde to Oosteinde.
- The parking spaces and the loading and unloading dock will be moved underground. Trucks will no longer be loaded and unloaded outside, but inside the building.
- We will lower the Singel quay and build a waterside terrace where everyone can sit and enjoy the water.
- A courtyard garden will be laid out where the round tower used to be. It will be open during the day to neighbours and passers-by.
- A section around the former gold vault will be open to the public . Here you can view art exhibitions, our money and coin collections and financial and economic information.
- There will be no more cash transports to and from the bank,
- and the building will no longer be guarded by the Royal Netherlands Marechaussee.
- Our information and education centre will be integrated in the renovated head office.
We have taken the City of Amsterdam's traffic and environmental programmes into account in our design. Moving the entrance of the parking garage creates the room to lay out an indoor garden. This garden will be open to the public.
The courtyard garden is open to the public during the day. Everyone can visit it. The opening hours will be announced later.
No. Although the courtyard garden will open to the public, it will not provide access to the other side of the building.
After the renovation, we will open part of our office to the public as a financial and economic knowledge centre. Here, everyone can get acquainted with DNB, our tasks and the economy and we will organise exhibitions, meetings and educational programmes.
Yes, the public part will be open to everyone. You are most welcome!
No, there will be no shops or restaurants. As a visitor you can of course have a cup of coffee or tea.
No, that is not possible for security reasons. There will be a large public area on the lower floors of our head office, however.
It will be demolished. The round tower was built in the 1990s. The building materials will be recycled in another project elsewhere in Amsterdam.
About the construction work
On Mondays through Friday, between 06.00 and 21.00.
It may be necessary to close a road from time to time. We will announce any road closures in our DNB Renovatie-app. Road closures will only be very short term.
We started the preparatory work in July 2020. The demolition work began in late 2020. We then started renovating the building in early 2021, and the work is in full swing at the moment. We expect it will be completed by the end of 2023.
We expect the renovation to be completed by the end of 2023.
About the area
The City of Amsterdam is responsible for the public space around our office building. We have shared our ideas about how the layout of Frederiksplein could be improved with the municipality.
We have not yet decided what to do with them. They were used as a security barrier for the gold and money stored in our vaults. Now that the gold and money have been relocated, The City of Amsterdam will eventually decide what to do with the rocks.
We can only make decisions about the renovation of our head office. It is up to the City of Amsterdam and GVB to decide on the tramway. They can provide more information about this.
It is up to the City of Amsterdam to decide on this. They can provide more information about this.
While we expect to receive more visitors in the renovated building than in our former Visitor Centre, we think that most of them will still come on foot and by public transport.
Other questions
You can still exchange guilders or damaged banknotes during the renovation, but on an appointment -only basis.
In addition to the information on our website, you will always find the most recent and important information in our DNB Renovation app. You can download it for free from the App Store or Google Playstore.
You can still exchange guilders or damaged banknotes during the renovation, but on an appointment -only basis.
The total costs for the renovation of our head office on Frederiksplein in Amsterdam amount to approximately €320 million. This includes such matters as the renovation and rental of our temporary building at Amsterdam-Amstel (the Toorop building) and the move there and back.
The relocation of the gold stock and banknote operations from our head office in Amsterdam to the DNB Cash Centre in Zeist will cost a total of €200 million. This involves, among other things:
- the construction of the DNB Cash Centre
- the renovation of the premises in Haarlem where the gold stock and banknote operations are currently temporarily located
- the temporary storage of gold and cash in Haarlem
- the relocation, in October 2020, of gold and cash to Haarlem and, in 2023 (expected date), to Zeist.
In total, the estimated costs of renovating our head office and building the DNB Cash Centre thus amount to €520 million. This amount includes buffers to absorb any setbacks that might occur during such unprecedented construction and renovation projects.
Financial institutions contribute to the costs that we incur as supervisor via the so-called independent public body budget. This includes our accommodation costs. The accommodation costs for the sector have been frozen for the next few years at the level of the expected structural housing costs in 2026. In concrete terms, this means that the sector does contribute to our regular accommodation costs, but not to the temporary additional costs resulting from the renovation. Any deviations in the accommodation costs over the coming years will be no reason to make interim adjustments to the multi-annual independent public body cost framework.
As indicated above, the estimated costs of the renovation of our head office and the construction of the DNB Cash Centre amount to €520 million. We compensate part of this expenditure by selling other properties. In 2017, we sold our premises on Achtergracht and at Sarphatistraat 7 in Amsterdam. In 2020, we sold the building at Sarphatistraat 1, where the DNB Visitor Centre used to be. Once the DNB Cash Centre in Zeist becomes operational, we will also sell our premises in Wassenaar.
Furthermore, our aim is for our annual accommodation costs after completion of our renovated head office and the DNB Cash Centre to be lower than or equal to the accommodation costs before the start of these projects.
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