On behalf of its client, pension fund PMT and together with housing associtation Lieven De Key, MN has purchased the new-build project Crossroads in Amsterdam from project developer To Be Developed (TBD). Capital Value supervised the purchase process for MN. It is a new step in the development of this as yet fairly monofunctional office area into a lively new urban center.
MN acquires 119 mid-rental and 120 unregulated rental homes in Amsterdam-Sloterdijk
The mixed-use development is a design by MVSA Architects and will be realised near Amsterdam Sloterdijk train station. The plan includes two striking residential towers with a commercial plinth and comprises a total of approximately 31,000 sqm. Boele & Van Eesteren, a VolkerWessels company, will be responsible for the construction of Crossroads that will start in 2022.
119 mid-rental homes, 120 unregulated homes and a commercial plinth
The project consists of four building parts. The plinth will have a transparent and inviting character. The middle building offers space for spacious apartments and forms the transition to the 90-meter high residential tower, from which the glass corners overlook the city. On behalf of its client PMT (Pensioenfonds Metaal en Techniek) MN has purchased 119 mid-priced rental homes, 120 unregulated homes and the commercial plinth in these parts, a large part of which has been let to a supermarket on a long-term basis. In the second, eastern tower, 132 student residences are being built in collaboration with De Key. This tower will be 40 meters high and will have striking balconies.
A multifunctional area
Crossroads forms the center plan of the Sloterdijk station area, which is currently being transformed into a multifunctional area. Office complexes are transformed into residential buildings, old commercial buildings become breeding grounds for the new economy. Sloterdijk is also part of the much larger Port-City area development. An area development that provides for (port) companies in the port area in the northwest of the city to make way for 40,000 to 70,000 homes in the coming decades.
Recovery in the Dutch residential investment market continues, investments in new-build insufficient
In the third quarter of 2024, EUR 2.3 billion was invested in the Dutch residential investment market. This brings the transaction volume in the first three quarters of 2024 to EUR 5 billion, more than...
International residential investors needed to realise housing production goals in the Netherlands
In the past years international residential investors have been of vital importance to the Dutch residential investment market. Only four years ago, their share in the total transaction volume on the ...
53 homes in Zeist and 48 homes in Amersfoort sold
On behalf of one of our clients, we recently sold two residential properties in Zeist and Amersfoort. The property in Zeist includes 53 homes, and the property in Amersfoort includes 48 homes....