ABN AMRO finances Bajes Kwartier, a new sustainable city district

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Over the next couple of years, a whole new neighbourhood will emerge on the spot that is currently home to the city prison, known as Bijlmerbajes. Today sees the formal transfer of the prison buildings to Bajes Kwartier CV, after which the area will rapidly transform into a bustling and sustainable new Amsterdam hub - a place where design and art coalesce with the latest in sustainable urban living

Bajes Kwartier has teamed up with a large group of partners to help create this city district of the future. After a tight race, national government and the municipality of Amsterdam granted the permits to a consortium made up of AM, AT Capital and Cairn. ABN AMRO is putting up the funding for Bajes Kwartier and was selected partly because of its bank-wide Mission 2030 sustainability ambitions. By making sustainable all homes and offices it finances, ABN AMRO and its clients can reduce carbon emissions by around two megatonnes of CO2 a year by 2030.

Rutger Schuur, Director of Commercial Banking Clients, sees this ambitious project as a great example of how sustainability and business can join forces. "We're very proud of this collaboration. With its carbon-neutral and circular-economy aspirations, Bajes Kwartier is a perfect fit for our ambitions."

To find out more, go to www.bajeskwartier.com.

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