Vrankrijk was squatted in November 1982 in order to stop its demolition. It had stood empty for 7 years and was in a very bad state. It was repaired by the occupiers and became a central meeting space for the Amsterdam squatters movement, still thriving today.
Since 1984, the groundfloor is used for non-commercial events, mainly punk and queer parties.
The building itself is well-known in Amsterdam for its colourful facade and anarchist slogans beside the door.