Adyen rented the Rokin office building for two years for free

1. Adyen had a free office in the center of Amsterdam for two years

That’s a different deal. Fintech company Adyen has been able to rent free office space at Rokin for two years. This is reported by RTL Nieuws on the basis of a court decision. It concerns two buildings and a rear building, a total of just over 16,000 square meters. The property was originally leased by the Canadian department store Hudson’s Bay. However, that party withdrew from the city after disappointing results.

The owner, the Swiss insurance group Zurich, then leased the premises to Adyen. The fintech company agreed to an annual rent of 6.7 million euros, but there were quite a few benefits in return. For example, Adyen did not have to pay rent for the first 21.5 months. Property owner Zürich also paid 20 million euros for a renovation to convert the retail space into office space. Zurich also provided 2 million euros in renovation costs. It gave Adyen an advantage of 34 million euros, RTL Nieuws calculates. How Adyen came to these favorable terms is unclear. The parties involved were not available for comment Monday.

2. PvdA and CU want to end temporary leases

Landlords of the, er, controversial stroke Prince Bernhard and Wybren van Haga will not be thrilled. Still, if the coalition party ChristenUnie and the opposition party PvdA have their way, temporary leases will end. In a bill that they will present next spring, they want to stop the scheme that was introduced in 2016 for the purpose. Since that year, there has been the possibility of a temporary contract with a maximum rental period of two years for residences and five years for rooms. Before that, tenants could live in a place as long as they wanted, which sometimes deterred potential landlords.

The two centre-left parties believe that the tenants are now in trouble. For example, tenants will suffer from uncertainty and recurring moving costs. The coalition parties VVD and CDA are not yet convinced of the proposal. They believe that this bill will make fewer rental homes available because the tenants fail again. Finally, it is striking that the law that the PvdA is now campaigning against was created in 2016 under a government in which the PvdA itself took part.

3.5 tons to the rental bike provider

Leasing bike provider Hellorider raises 450,000 euros from investors. This is a third tranche in a round that has generated a total of 1 million euros. The startup uses the money to attract new business customers. Hellorider targets employers who are not yet affiliated with a car leasing company and offers a leased bike in return.

Hellorider is already working with LeasePlan, International Car rental company and MHC Mobility. CEO Jasper van Waalwijk’s company already has a market share of around 50 percent. Van Waalwijk followed suit at the beginning of this year Davy Louwers as CEO. Louwers came from International Bike Group (IBG), the company behind Fietsenwinkel.nl, which split into three branches in 2019, including Hellorider.

4. 1.2 million to the medtech company Orexa

Medtech company Orexa raises 1.2 million euros from a group of informal investors. The company, based in Herpen, North Brabant, is working on a drug to stimulate food intake. The company will use the growth money for two scientific studies. In a study, the company is looking at a method for treating anorexia. The other research focuses on helping patients who have undergone surgery to recover faster.

Professor Ard Peeters’ company already raised 8 tons from investors at the beginning of this year. At the time, this money was also intended for research purposes.

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5. And then this: the government is not coming up with crypto regulations

Digital coins that can lose almost all of their value overnight. In a campaign launched on Monday, the Ministry of Finance is warning young people about the dangers of investing in cryptocurrencies. However, there will be no rules for announcing cryptocurrencies for the time being, according to Financieele Dagblad. A procedure for this would take a year and a half. The ministry chooses to wait for EU regulations, which will take another two years.

Influencers who make money through social media advertising for dubious cryptocurrencies can therefore continue their activities unhindered for the time being. The government hides it in videos about classic investor warnings like, “Only spend money you can afford to lose, and remember that if something sounds too good to be true, it often is.”

What we also read:

  • Scare for investors: Warren Buffet sells shares in Chinese company (FD)
  • The two books that helped Tobias Lütke (Shopify) become a billionaire (Inc.com)
  • Is it a smart idea to invest in a water fund? (Business Insider)

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