Bouwinvest has acquired 108 assisted-living apartments in Zaandam near Amsterdam on behalf of Dutch pension fund BpfBouw.
The manager said the Bouwinvest Healthcare Fund has acquired the apartments from Porten Houthavenkade, a joint venture between developers Porten Development and Ten Brinke. Financial details were undisclosed.
The apartments are part of the Houthavenkade project in Zaandam.
The Bouwinvest Healthcare Fund is an investment fund exclusively for the Dutch construction-sector pension fund bpfBOUW.
Christian Schouten, the head of Dutch transaction management at Bouwinvest, said: “Values are under pressure in the housing market, and investors are pulling out. Construction costs have also increased and challenges exist due to regulation and nitrogen-based pollution which is behind delays to the building of new homes.
“This is putting pressure on the feasibility of reaching new-build housing targets. Despite these difficult circumstances, we continue to look with our partners for opportunities to make projects possible and to invest through the crisis.”
Johan Korner, director Porten Development, said: “After six years of planning and development, construction can now begin on the Houthavenkade project. Designed by Van Aken, the Houthavenkade project has an attractive, timeless design that also harks back to the industrial heritage of the Zaanse Schans windmill park.
“In combination with the highest possible sustainability standards, this makes for a high-quality waterfront residential location. Bouwinvest has been a very productive and creative partner from the start.”
Leo Versteeg, managing director at Ten Brinke, said: “Ten Brinke gave the go-ahead for the realisation of the entire project immediately after the transaction was finalised.
“Almost all the apartments have been sold and nothing stands in the way of the start of demolition work with delivery of all units scheduled for mid-2026. We are very pleased with this sale and have every confidence in our partnership with Bouwinvest.”
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