07 July 2017

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Bouwinvest REIM has signed an agreement with ERA Contour and J.P. van Eesteren, two subsidiaries of sustainable redevelopment group TBI-Ondernemingen, for the purchase of 209 apartments spread across three buildings part of project Little C on the banks of the Coolhaven in Rotterdam. The apartments are destined for the mid-range liberalised rental market.

Little C is a larger area development that encompasses 15 warehouse-like buildings with an authentic and industrial vibe similar to The Village in New York and the Pearl District in Portland. This unique project, the first of its kind in the Netherlands, features a mix of lofts, regular apartments, studios, roof gardens, public squares, offices, food and beverage outlets, workshops and small-scale retail outlets. In addition to the 209 rental apartments purchased by Bouwinvest, the developers will also deliver 111 apartments to the buying market in a similar loft-like concept, with high ceilings, large windows, steel frames and communal roof terraces.

Michiel de Bruine, Director Dutch Residential Investments at Bouwinvest said: “Little C adds real value to our residential fund because of its unique offering in a prime location. The integration of the residential space for the mid-segment rental market with offices, catering and recreational spaces will markedly increase the liveability of the area and is fully in line with Bouwinvest’s holistic approach to sustainable area redevelopment.”

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The architects of the project are CULD Inbo and construction is expected to start in Q1 2018. Completion is expected for Q2 2020.