Vesteda signs additional building contract for Amsterdam-Noord
Vesteda and construction firm BAM Woningbouw have signed a building contract for the construction of 64 apartments in the mid-rental segment in the Amsterdam-Noord district. Construction will commence in mid-August and completion is expected in October 2016. In April of this year, Vesteda and Hecon signed a building contract for the construction of a further 14 apartments in the new Elzenhagen neighbourhood.
The 64 apartments are located in the new-build neighbourhood Elzenhagen in the up-and-coming Amsterdam-Noord district. The area is easily accessible via the A10 Amsterdam ring road and is located near the proposed metro stop Nieuwe Leeuwarderweg-IJdoornlaan. The three-room, 85-square metre apartments will have a rental price of around €800 per month. The apartments have an efficient lay-out, will be fitted with solar panels and will have an A+ energy label.
Nico Mol, director of Acquisitions & Development at Vesteda: “The apartments are an excellent fit in Vesteda’s portfolio, given the region, rental price category and energy label. The apartments are part of a small and attractive new-build neighbourhood in Amsterdam-Noord with a relatively large proportion of single family homes. The small complex with spacious rental apartments in the mid-rental segment offers an interesting alternative to the existing options in the neighbourhood.”
About Vesteda
Vesteda is a residential investor and landlord that focuses on sustainable and affordable homes in the mid rental segment. Vesteda invests funds for institutional investors, such as pension funds and insurance companies. The portfolio consists of nearly 28,000 residential units with a total value of 9 billion euro. The homes are mainly located in economically strong regions and core urban areas in the Netherlands.