Vesteda signs turnkey agreement for 202 houses in Diemen

Vesteda has signed a turnkey agreement for the acquisition of a total of 202 houses in the Punt Sniep project in Diemen. ABC Vastgoed and its financial partner Nedreim are the project developers, while Rotterdam-based KCAP designed the project, which is scheduled for completion in the first half of 2020.

Punt Sniep is located in a central and recognisable area of Diemen, near the new-build neighbourhood Plantage De Sniep and within walking distance of the Diemenplein shopping centre. The location is also notable for its position in the Weespertrekvaart. It is bordered by water on two sides, which makes it look like a peninsula.

The project consists of 202 houses spread over 10 residential blocks, 182 underground parking spaces, 52 ground-level parking spaces and 530m² of commercial space. The houses have usable floor surface varying from around 52m² to around 128m² and are primarily apartments, with a number of town houses.

With an average EPC of -0.107, the project is in line with Vesteda’s high sustainability ambitions. Various measures have been put into place to realise these ambitions, such as PV panels on the roofs and a sustainable heating installation. Also, the project will be realised without a gas connection. A communal garden and a small harbour will be located in the centre of the project, to promote social cohesion among the residents themselves and between residents and visitors.

Pieter Knauff, Director of Acquisitions at Vesteda: ‘The acquisition of Punt Sniep will enable Vesteda to respond to the great demand for liberalised sector rental houses in Diemen and Amsterdam. The small scale but urban feel of the project, the location on the water, and the intimate central area with various facilities give Punt Sniep a unique identity with a varied offering of affordable mid-rental segment houses. The location is a stone’s throw away from Amsterdam and is well-connected by public transport, all of which make it an attractive alternative for people looking for houses in or around the capital.’

Marcel Loosen, Director Planning Development at ABC: “Punt de Sniep is the winning plan concept from a competition organised by the Diemen city council, which has been realised with a great deal of passion. We believe that the fact that this plan concept will be held by a single party in the form of Vesteda in the long-term too will serve as a welcome safeguard for the continuity of this cohesive plan concept.”

About Vesteda

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.