Vastint Holding

What Vastint Holding does

Vastint Holding B.V. is an Amsterdam-headquartered international real estate investor-developer that acquires land, secures planning permissions, constructs, and long-term-owns sustainable offices, residential rental apartments, and hotels across at least ten European countries (Netherlands, United Kingdom, Belgium, France, Italy, Germany, Poland, Romania, Lithuania, and Latvia). The portfolio comprises 69 office buildings, 786 rental apartments, 51 hotels operated under Marriott master-franchise brands (Moxy, Courtyard, AC Hotel, Element, Residence Inn, Tribute Portfolio), and 295,000 m² of properties under construction, with a market value of €5.9bn and €214m of disclosed gross rental income. Core product concepts include Business Garden office campuses, Waterfront and Timpuri Noi Square mixed-use districts, Magdelēna Quarter, and Aire Park (a 24-acre Leeds masterplan targeting 1,350 homes), supplemented by flexible workspace offerings (The Lounge, Ready Flex, Ready Flex Space).

Vastint's go-to-market is a long-term ownership model: the company directly negotiates enterprise leases and uses commercial real estate advisors (CBRE, Savills, Colliers, Cushman & Wakefield) to facilitate transactions. Revenue is generated primarily through recurring rental income (offices, residential, hotels), supplemented by one-time development sales and managed asset services. The company's sustainability stack — 89 LEED, 22 BREEAM, 9 WELL, and 41 Green Key certifications, with 100% of new developments certified and an 85% standing-portfolio certification rate — is positioned as both a technical capability and a tenant-facing differentiator, supported by life-cycle assessment tools, Paris-Proof-aligned net-zero targets, and multi-meter energy monitoring.

Vastint operates as a wholly-owned subsidiary of Interogo Holding AG, the Swiss investment group whose purpose is to create financial reserves safeguarding IKEA's independence. Founded in 1989 as part of the Inter IKEA Property Division and rebranded to Vastint in 2014 unifying nine regional entities, the company employs approximately 217 people across European offices in Amsterdam, Leeds, Bucharest, Warsaw, Wrocław, Vilnius, Riga, and Brussels, and reinvests cash flow into a multi-year development pipeline rather than seeking external shareholders.

Name

Vastint Holding

Legal name

Vastint Holding B.V.

Website

https://vastint.eu

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Vastint Holding is an Amsterdam-based real estate investor-developer wholly owned by Interogo Holding AG (IKEA's investment arm) that develops, owns, and manages sustainable offices, rental apartments, and hotels across ten-plus European countries, operating 69 office buildings, 786 apartments, and 51 Marriott-franchised hotels with a €5.9bn portfolio.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311), Offices of Other Holding Companies (551112)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

akta.pro secondary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Commercial real estate
• Office leasing
• Hotel development
• Residential rentals
• Property investment

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Property Development and Sales: Vastint acquires land, obtains planning permissions, and develops commercial real estate including residential development and sales. The company develops offices, homes, and hotels for long-term ownership.
2. Property Rental Income: Long-term leasing of owned office buildings, residential apartments, and hotel operations generating recurring rental income. Properties are held for the lifetime of investments with continuous management and improvement.
3. Asset Management Services: Management of portfolio properties including maintenance, tenant relations, sustainability improvements, and property optimization services for owned assets.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Vastint Holding is an international real estate investor-developer that acquires land, obtains planning permissions, constructs, owns, and manages sustainable offices, residential homes, and hotels across Europe. The company holds properties for long-term investment, generating recurring rental income from enterprise office tenants, residential tenants, and hotel guests operated under Marriott franchises.

Product overview

Vastint is a purpose-led, quality-driven real estate investor that develops, owns, and manages sustainable offices, homes, and hotels across Europe. The company operates as a unified real estate platform organized into three core product categories: Offices (including Business Garden campuses, The Lounge flexible workspaces, and Ready Flex modular offices), Homes (rental apartments across Europe), and Hotels (operated under Marriott franchises including Moxy, Courtyard, AC Hotel, Element, and Tribute Portfolio brands). The portfolio spans 69 office buildings and 51 hotels, with major developments including Aire Park in Leeds, Waterfront in Gdynia, Timpuri Noi Square in Bucharest, Magdelēna Quarter in Riga, and Sugar House Island in London. Vastint maintains approximately €5.9bn in market value and €214m gross rental income across their portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• Business Garden: Mixed-use office campus concept featuring office buildings surrounded by gardens, with amenities like restaurants, kindergartens, and retail spaces.
• The Lounge
• Ready Flex
• Timpuri Noi Square
• Waterfront
• Magdelēna Quarter / Magdelēnas kvartāls

Products and services

• Ready Flex / Ready Flex Space
• The Lounge
• Moxy Hotels
• Courtyard by Marriott
• AC Hotel
• Element by Marriott
• Office Property Leasing
• Residential Property Leasing

Quantifiable outcome

• 100% of new development projects use BREEAM or LEED sustainability standards
• +3 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Arcadis RomaniacoreStrategic or Co-development Partner · 7 July 2026Leading global design and consultancy firm Arcadis signed lease for 1,183 sqm at Business Garden Bucharest, establishing new office in Romania.
• CBRE RomaniacoreImplementation/ SI/ Consulting Partner · 7 July 2026Commercial real estate advisor facilitating SCOR and Arcadis lease transactions at Vastint Romania properties. Provided 16-month consultancy for SCOR's strategic entry into Romania.
• CapgeminicoreStrategic or Co-development Partner · 29 June 2026IT and consulting giant extended 8,400 m² lease at Business Garden Wrocław. Employs 2,500+ people at the location. Also operates in Vastint properties in Warsaw and Poznań.
• Eversheds SutherlandcoreStrategic or Co-development Partner · 18 June 2026International law firm Eversheds Sutherland is the anchor tenant of Kellstone at Aire Park Leeds, leasing nearly two-thirds of the 75,000 sq ft Grade A office building. Move scheduled for 2027 with 600+ person team relocating from Bridgewater Place.
• Savills and CollierscoreImplementation/ SI/ Consulting Partner · 18 June 2026Commercial real estate advisors representing Vastint UK in Eversheds Sutherland lease transaction at Kellstone, Aire Park.
• Leeds City CouncilcoreStrategic or Co-development Partner · 21 May 2026Planning authority for Aire Park development. Approved 15-storey residential phase with 116 apartments plus ground floor commercial space. Development expected completion 2032.
• The Shire - Beyond CoworkingminorStrategic or Co-development Partner · 15 April 2026Premium serviced office operator opened first Tricity location at Waterfront Gdynia (1,800+ m² on 3rd and 4th floors). Boutique offices with high-quality finishes and private offices from 2 workstations.
• BearingPointcoreStrategic or Co-development Partner · 7 April 2026Management and technology consultancy BearingPoint relocated Bucharest office to Timpuri Noi Square. 850+ employees across 6 Romania offices in Bucharest, Brașov, Cluj-Napoca, Iași, Sibiu, and Timișoara.
• Digi Group (Digi24, Digi FM, ProFM)minorGTM or Marketing Partner · 6 April 2026Partnership for blood donation campaigns at Vastint Romania properties. Six editions organized since 2023, collecting 145+ liters of blood. First private company to support national 'Avem același sânge' campaign.
• SCORcoreStrategic or Co-development Partner · 18 February 2026Global reinsurance company SCOR established operations in Romania at Business Garden Bucharest (2,320 sqm) with plans to expand to 3,250 sqm at Timpuri Noi Square Phase 2. Hiring 300+ professionals by end of 2026.
• DP WorldcoreStrategic or Co-development Partner · 17 December 2025Global port terminal operator leased 1,100+ m² at Waterfront Gdynia office building, establishing presence in the unique waterfront location.
• Marriott InternationalcoreStrategic or Co-development Partner · 22 September 2014Master franchise partnership for Moxy Hotels across Europe. Vastint Hospitality develops hotels leased to operators under Marriott brands including Moxy, Courtyard, AC Hotel, Element, and Residence Inn. Over 51 hotels in portfolio.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• HB Reavis: European commercial real estate developer that develops, owns, and manages Class A offices, mixed-use districts, and innovative workspaces across Western and Central Europe. Directly comparable to Vastint's Business Garden, Timpuri Noi Square, and Waterfront development concepts in target markets and product type.
• CA Immobilien Anlagen AG: Vienna-based real estate investment company focused on Class A office properties in Germany, Austria, and Central/Eastern Europe. Comparable to Vastint in target geography (CEE/DACH), office-centric portfolio, and long-term ownership model with institutional tenants.
• Gecina: French REIT specializing in prime office and residential real estate in the Paris region and major European cities, with strong sustainability focus. Comparable to Vastint's premium office portfolio and ESG positioning, though scale and geography differ.
• Castellum AB: Swedish commercial real estate company with leading office and logistics portfolio across the Nordics, with strong sustainability focus. Comparable to Vastint via office-centric strategy, LEED/BREEAM-certified assets, and ESG-driven investment thesis.
• Fabege AB: Swedish property company focused on commercial office letting in the Stockholm region, with sustainability emphasis. Comparable to Vastint's office-centric strategy, prime urban location focus, and ESG-linked asset positioning, though geographically limited to Sweden.

Broad incumbents

• Skanska Commercial Property Development: Swedish construction and real estate developer with significant European commercial property development arm building sustainable offices and mixed-use projects. Comparable to Vastint in green building focus and Nordic/Central European footprint, though much larger and more diversified including construction contracting.
• Unibail-Rodamco-Westfield: European and US retail real estate investment trust operating major shopping destinations. Comparable to Vastint as a large European commercial real estate investor-developer with long-term ownership model, though focused on retail rather than offices/hotels.

Emerging players

• CTP NV: Pan-European industrial and logistics real estate developer with strong Central European footprint (Czech Republic, Poland, Romania, Hungary). Comparable to Vastint via CEE geographic focus and development-led model, though primarily focused on industrial logistics rather than mixed-use offices/hotels.

Regional players

• Vonovia SE: Europe's largest residential real estate company operating primarily in Germany, Austria, and Sweden. Comparable to Vastint's residential rental segment (786 apartments) and sustainability focus, though Vonovia is a publicly-traded, much larger-scale residential specialist.

Others

• Interogo Holding AG (Parent): Swiss investment holding company and ultimate parent of Vastint Holding, with mission to safeguard IKEA's independence through long-term capital deployment. Comparable as the controlling and capital-providing parent entity, providing strategic context for Vastint's investment horizon.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/5351812

Compliance14 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vastint Holding