Bouwinvest fund buys further 449 apartments from COD
Bouwinvest Real Estate Investment Management’s residential fund has acquired an additional 449 apartments from developer COD.
The Dutch institutional investment manager said its total investment in the NDSM Wharf former shipyard on the IJ River waterfront in Amsterdam North is now €240m.
Bouwinvest’s holdings in the NDSM neighbourhood is now around 1,400 homes, following pervious partnerships with COD to invest in and develop 543 mid-sector rental and 403 student apartments.
Michiel de Bruine, the director of Bouwinvest’s Dutch residential investments, said: “Bouwinvest prefers to invest in larger areas, so we can influence the successful evolution of mixed neighbourhoods that are both liveable and sustainable.
“Het Dok [the additional 449 apartments] adds to our two previous projects, De Werf and Nautique Living in NDSM, providing a diverse choice of offerings to tenants – from student and social housing, to mid-level liberalised-sector rental homes.“
The Het Dok project is a building with a broad substructure including three high towers, which contain 449 multi-family homes, ranging between 50sqm and 106sqm of which 314 are aimed at the liberalised rental sector.
The other apartments will be leased in the social housing sector.
The ground floor accommodates commercial spaces, as well as community facilities for residents.