11 June 2018
Bouwinvest has sealed three agreements with developers that will add a total of 583 homes to its Residential Fund’s portfolio of mid-priced free market rental housing in key cities across the Netherlands.
The institutional real estate investment manager announced this at the Provada Dutch property trade fair in Amsterdam this week. The company also disclosed at the three-day event that property adviser Colliers International will relocate its Dutch headquarters to the Office Fund’s iconic ‘Building 1962’ near Amsterdam’s Olympic Stadium.
Bouwinvest to Buy 350 Homes to Be Developed at Former Munitions Complex near Amsterdam
Bouwinvest’s Residential Fund is to acquire 350 free market rental homes to be developed in a regeneration of part of the historic 42.5-hectare former Hembrug munitions complex at Zaandam, near Amsterdam. The properties will be part of a broader project to build a residential neighbourhood with around 1,000 homes of varying sizes and price brackets, a substantial proportion of which will be social or free market rental housing.
Bouwinvest Closes Portfolio Deal with Developer VanWonen
Bouwinvest, acting on behalf of its Residential Fund, has agreed to acquire a portfolio of 136 rental homes to be built by developer VanWonen. The properties are spread across four projects in the cities of Groningen, Apeldoorn and Arnhem, which are in the north and east of the Netherlands. The projects are either apartment buildings or single-family homes, which will be rented out under free market tenancies. Bouwinvest also acquired the right to first purchase homes in another project and Bouwinvest Development has sold two land positions in Zwolle and Groningen to VanWonen.
Bouwinvest Buys 97 Apartments in Greater Amsterdam Strategy
Bouwinvest has signed an agreement with developer Van Rhijn Bouw to acquire 97 apartments in ‘The Monarch’ project in Haarlemmermeer, the municipality next to Amsterdam’s Schiphol Airport, on behalf of its Residential Fund. The purchase fits with the fund’s goal of growing its portfolio to 1,000 rental units by 2020 in the municipality of Haarlemmermeer. A proportion of the portfolio will be priced at mid-market rents, in keeping with the policy of providing affordable homes.
Colliers to Move Its Dutch HQ to Bouwinvest’s ‘Building 1962’ in Amsterdam
Real estate advisor Colliers International is relocating its Dutch headquarters to Bouwinvest Office Fund’s ‘Building 1962’, near Amsterdam’s Olympic Stadium. Colliers will move into the 1,800 sq.m. space at the end of the year. It follows Bouwinvest’s extensive renovation and refurbishment work to the landmark building, which housed the former Citroën showroom and garage.