Vesteda, Van Wijnen to build 98 liberalised rental sector homes in Diemen
Vesteda and project developer Van Wijnen Midden BV signed a turnkey agreement for the construction of 98 mid-rental segment apartments and parking spaces in the centre of Diemen. Construction is set to start at the end of this year and delivery is expected at the end of 2016.
The project is adjacent to the newly-renovated Diemen Centrum shopping centre. The new apartments will be walking distance from the Diemen NS railway station and a few minutes’ drive from the A1 and A10 motorways. The building will have an attractive mix of 2, 3, and 4-room apartments. The apartments themselves will vary in size from around 65 to 115m2 and have an average rent of €800 per month. All the homes have access to an outdoor space and external storage.
Vesteda and Van Wijnen Midden BV have developed the project in open consultation with the Diemen city council. Aqua Vastgoed BV acted as advisor in the cooperation between the parties.
Nico Mol, director Acquisitions & Development at Vesteda: “The complex is an excellent addition to our portfolio. One of Vesteda’s key priorities is the growth of its portfolio in Amsterdam and surrounding areas. Diemen is an independent municipality bordering the municipalities of Amsterdam-Watergraafsmeer, Duivendrecht and Amsterdam-Zuidoost. Thanks to the enormous diversity of the apartments and the location of this complex, Vesteda will be able to offer affordable rental homes to a diverse target group in the immediate vicinity of Amsterdam.”
Vesteda is an investor with a clear focus on the Dutch residential real estate market. Vesteda invests funds for institutional investors, including pension funds and insurers. Vesteda has total capital of approx. €3.6 billion invested in real estate. The company’s rental portfolio stands at a total of around 23,000 units. Vesteda’s key investment regions are the Randstad urban conurbation and the Noord Brabant province. In 2014 Vesteda generated a net result of €136 million, with more than 200 employees.