The municipal authorities of Amsterdam have signed an agreement with developers De Principaal, BAM Vastgoed and Woonmaatschappij Markant to build a residential tower at Arena Boulevard to the south of the Dutch capital. The 47-storey tower, designed by architects Wiel Arets and Van Aken, will contain a total of 382 apartments and include a fitness centre, shops and restaurants, local paper Het Parool reported. The development costs are put at EUR 100 mln.

The municipal authorities of Amsterdam have signed an agreement with developers De Principaal, BAM Vastgoed and Woonmaatschappij Markant to build a residential tower at Arena Boulevard to the south of the Dutch capital. The 47-storey tower, designed by architects Wiel Arets and Van Aken, will contain a total of 382 apartments and include a fitness centre, shops and restaurants, local paper Het Parool reported. The development costs are put at EUR 100 mln.

The tower is expected to be completed in the autumn of 2010. Construction is set to begin within the next year.