Eindhoven officials has agreed to pay €29m for a country estate once owned by Frits Philips, from the electronics empire family.
The De Wielewaal estate, developed in 1934, is to be turned into a public park and will cost the city some €1m a year to run.
The state covers 142 hectares and includes nine properties, including the large thatched roof house lived in by current owner, textiles magnate Marc Brouwers.
According to Eindhoven mayor John Jorritsma the estate, with a lake and thousands of mature trees, is three times the size of Amsterdam’s Vondelpark and similar in size to Hyde Park in London.
Brouwers told business magazine Quote he is delighted to have sold the property to the city. ‘I was in the luxury position of having four potential buyers,’ Brouwers said, adding that he had not gone for the highest offer.
Brouwers bought the house from the Philips family in 2007 and has a deal with Eindhoven to live in it for a further three years. During that time, the city will draw up a plan to improve public access and work out how to make money from the estate to pay for its upkeep.
The sales agreement still must be voted on by a meeting of the full city council at the end of this month.
Thank you for donating to DutchNews.nl
The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.
DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.