Real estate investor Altera Vastgoed has inked a deal with V.o.f. Spoorlaan, a partnership between CRA Vastgoed and Novaform, for 70 new-build apartments in the Netherlands.
Financial details were not disclosed.
The homes are situated in Spoorlaan, Tilburg, in the southern province of North Brabant. The 70 apartments are part of a 24-storey residential tower being developed by V.o.f. Spoorlaan, to be constructed at the historic location of the Van Mierlo & Zoon bank building.
Jaap van der Bijl, CEO of Altera said: ‘Following previous acquisitions in locations including Den Bosch and Son en Breugel, we are delighted to be adding yet another new-build project in Brabant to our portfolio.
'In addition to meeting our requirements with regard to sustainability, the project will ensure the realisation of affordable living space within the mid-range rental segment at this location in the inner city of Tilburg.'
The rental units are two-room and three-room apartments, distributed across floors 2–11. Varying in size from 55 to 96 m², most of the apartments will be in the mid-range rental segment, with a portion being in accordance with local affordability regulations. Construction will start in the second quarter of 2021.
The project will meet high sustainability requirements, and will be equipped with features including a thermal energy storage facility, a WTW ventilation system with heat recovery, and solar panels. In terms of mobility, the sustainable design will be enhanced by a spacious collective bicycle storage area and shared electric cars.
Capital Value acted as an advisor to the seller.
