Bouwinvest buys 108 apartments in Amsterdam

The Bouwinvest Residential Fund has bought 108 apartments from Ymere. The homes, all destined for the liberalised rental sector, are situated in the residential neighbourhood on the banks of the River IJ. The construction of Statendam completes phase 1 of Overhoeks in Amsterdam North.

The purchasing contract is signed on 4 June at Bouwinvest’s stand at ProVada. “The Residential Fund focuses on homes in the core regions,” says Michiel de Bruine, Head of Bouwinvest’s Residential Asset Management, “with a strong emphasis on the Randstad urban conglomerate. Within these core regions, we are continuously looking for unique locations with homes that fit into our fund strategy and complement the existing range, both in our own portfolio and in the housing stock in the direct vicinity. The Overhoeks area is characterised by high-quality architecture, a high level of finishing and the layout of the public spaces. The purchase of Statendam therefore fits perfectly into the Residential Fund’s portfolio”.

“The construction of Statendam completes the first phase of Overhoeks,” explains Viviane Regout, Director of Investment and Development for Ymere. “It’s a major milestone for this unique neighbourhood. The area is an attractive addition to Amsterdam’s housing market”.

The start of construction of the above-ground part of the complex, which comprises nine floors, is planned for October 2014. The underground garage was included in the contractor’s global plans for the surrounding complexes. Statendam, a design by the architects’ firm of Geurst & Schultze, will be built next to the De Halve Maen residential building, with 86 liberalised sector rental apartments that Bouwinvest bought in 2013. Ymere is responsible for the development, and the construction work is being carried out by Dura Vemeer.

Overhoeks residential neighbourhood

Statendam is part of the Overhoeks residential neighbourhood. This is a high-quality new urban neighbourhood in Amsterdam North, located on the River IJ on the former Shell site opposite the central railway station. The transformation of the area gives a major quality boost to the banks of the IJ and Amsterdam North. The construction of the first homes in the residential neighbourhood began in 2007. The idea is that the area will develop into a lively, cosmopolitan district with trendy restaurants, cafés and distinctive cultural attractions such as the EYE film institute, the A’DAM Tower and the Tolhuistuin art venue.