In 2016, DPM Group sold Magna Plaza to institutional investors from Europe and Israel with a rumoured purchase price of around 63.5 million euro.

The Magna Plaza shopping centre, named after Larmag's CEO Lars-Erik Magnusson, was finally opened to the public on August 17, 1992.

The existing stairways were maintained, two as emergency stairways, and one as a public stairway. The floors of the new mall were connected by escalators and elevators. Unexpected technical problems delayed the work the building's foundation had to be replaced, and several of the beams were found to be hollow. The interior of the building was completely rebuilt, maintaining the carrying structures and decorative elements. The exterior work was mostly limited to cleaning, repair and restoration of the facades. The construction started in February 1991. Maintaining and optimally using the monumental building was a main criterion. In 1987, the PTT announced that it intended to vacate the building and it was sold the next year for 7.5 million guilders (about 3.2 million euro) to Larmag, a Swedish real estate developer, who intended to repurpose the building as a luxury shopping centre. The public function of the building was limited to the ground floor, while the rest of the building was only accessible to personnel of the PTT, then the national post, telegraph and telephone agency. The building's interior consists of a central hall with galleries on two upper floors, surrounded by arcades and crowned by a sunroof. Due to the pear shaped crowns on top of the towers the building is colloquially named ‘Perenburg’ (English: pearburg). Across the roof edges are a large number of dormers, each with their own crow-stepped gable. The exterior is heavily decorated with polychromatic brick with details in dressed stone, including framing for all windows and doors. It replaced the Royal Post Office of 1854, which was designed by Frederik Willem Conrad and Cornelis Outshoorn, which served as a gallery shortly before being taken down in 1897. The Amsterdam Post Office was built in the period 1895–1899, designed by Cornelis Peters. The building has been a rijksmonument (Dutch national monument) since July 9, 1974, and is part of the Top 100 Dutch heritage sites. It was built in 1895–1899 in Neo-Gothic and Neo-Renaissance style. The Former Amsterdam Main Post Office, now the shopping centre Magna Plaza, is a monumental building located at Nieuwezijds Voorburgwal 182, Amsterdam, Netherlands. Decorations during the coronation of king Willem-Alexander of the Netherlands

Shopping center construction