The bank has been refurbishing its current office in South-East Amsterdam, turning it into a "sustainable home base" from 2025. The HQ will, however, remain its official head office.

ABN AMRO has agreed on a sale-and-leaseback deal for its Amsterdam head office. 

Victory Group, a real estate business, will pay €765 million for the Gustav Mahler building, as it is known. The sale of the building was announced in November 2020, as well as the redevelopment of the lender’s current office at Foppingadreef in South-East Amsterdam into a new sustainable home base from 2025. Victory Group is partnering with G&S Vastgoed in a consortium. 

The refurbishment of the Foppingadreef building is expected to be completed in 2025. After completion, most ABN AMRO staff will move to the new home base in South-East Amsterdam and the bank will lease part of the Gustav Mahler building, which will remain its official head office and commercial branch office. 

The bank said the transaction will result in a pre-tax profit of €338 million, which will be booked in Q4 of 2021. In the third quarter, ABN AMRO reported a €343 million ($397 million) profit, rising by 14 per cent from a year ago. The result was boosted significantly by a swing from impairment charges last year amid the pandemic to a net release in the latest quarter.