Council cancels disputed Zuidas contract

Amsterdam council has withdrawn a contract for the development of a piece of land by the RAI railway station in the new Zuidas business district, reports ANP news service on Friday.

The move follows claims by both ABN Amro bank and the property firm Winshield that they are the owners of the development agreement which was signed several years ago.
The contract finally came into the hands of ABN Amro and was then transferred to Winshield, says ANP. But according to ABN Amro, this company has no legal authority.
Friday’s Financieele Dagblad reports that Winshield is a joint venture between a main suspect in an ongoing property fraud investigation and businessman John Fentener van Vlissingen.

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