10 May 2017

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Bouwinvest has signed a purchase agreement on behalf of its Residential Fund with construction company Noordersluis. The purchase consists of 64 apartments for the liberalised rental market, spread over four buildings with the status of national monument, at the Elias Beeckman barracks in Ede, a medium-sized town in the east of the Netherlands. The transformation of these buildings will result in sustainable homes.

The former barrack grounds are part of a development area called De Veluwse Poort, a new residential and office neighbourhood near the centre of Ede, surrounded by greenery. The area, adjacent to the Ginkelse heide, a patch of heath near the centre of the town, has excellent access by public transport and by car. De Veluwse Poort area has many national monuments dispersed over various former barrack premises to the East of Ede. The area also has a mix of social housing and liberalised rental market housing, as well as housing for the owner-occupier market.

“There is high demand in the liberalised rental market in Ede. Moreover, tenants are attracted by the charm of living in a national monument, which is why we were keen to add these apartments to our portfolio," Michiel de Bruine, Head of Dutch Residential Investments for Bouwinvest said.

The surface area of the rental apartments varies between 76 sqm and 119 sqm and they have high quality finishing. The transformation will result in a sustainable national monument. The Elias Beeckman barracks had very high environmental ambitions which have resulted in an average GPR-score of 7.7. This was achieved by using a collective heat network fuelled by bio mass. Completion is expected in Q2 2018.