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Amvest Residential Core Fund buys 167 new rental properties.

Published on 28-04-2020
The Amvest Residential Core Fund (ARC Fund) purchased 167 rental properties in three new construction projects in April. This concerns homes in the Berkhout project on Cruquius in Amsterdam, Wilgenrijk in Maassluis and Hortus in Almere. The houses in Maassluis and in Amsterdam were purchased from the Amvest Development Fund (ADF). The houses in Almere were purchased from Waterhout C.V, a development combination from ADF and Dura Vermeer. The purchases fit within Amvest's mission to contribute to well-functioning and varied neighborhoods where everyone feels at home.

“With these turnkey acquisitions, Amvest further expands its Residential Core Fund. We hereby offer a nice home to a wide group of tenants in different parts of the country. Both starters and people with a longer living career. We believe it is important to continue to invest in the Dutch housing market in these challenging times. All the more so because we are meeting the enormous demand for this type of housing, especially in the middle segment. These investments also make an important contribution to the rejuvenation of our portfolio. ” said Dennis Wedding, Portfolio Manager Amvest Residential Core Fund.

Berkhout Cruquius Amsterdam

120 homes are being built in the Cruquius area development in Amsterdam, where the Berkhout Packaging company used to be located. 44 private sector rental homes, 46 owner-occupied homes and 30 social rental homes. The ARC Fund buys the 44 private sector rental housing and the commercial plinth. The houses are connected to a TES installation and the roofs are provided with moss sedum. The residents have access to a communal garden with relaxation and play facilities, flowering plants and nest boxes. Construction will start after the summer of 2020 and is expected to be completed by the end of 2022.

Hortus Almere residential tower

In the Hortus district in Almere, the ARC Fund buys a sustainable and high-quality finished residential tower consisting of 60 rental properties in the middle segment and 20 private sector rental properties. The residential tower is located in the area development Floriade (Hortus district) in Almere and will be the first residential building in this new green district. An important part of the Hortus district is the Arboretum (botanical garden) with a huge amount of different trees, plants and flowers. This biodiversity will stimulate nature, but it will also attract a large group of people. The construction of the residential tower has already started and the apartments are expected to be completed in early 2022. The residential tower is connected to a sustainable soil energy system (Smart Thermal Grid). Many other energy-saving matters are also applied.

Wilgenrijk in Maassluis

Wilgenrijk is a new part of the Netherlands between Rotterdam and The Hague. In this neighborhood in Maassluis, the ARC Fund buys 43 single-family rental homes in the middle segment. These are divided over the Buitengoed sub-plan. They are row and corner houses, all with individual storage. Buitengoed is a green, watery and open neighborhood with a village atmosphere and is therefore a pleasant living environment. The houses are gas-free and are equipped with an air-water heat pump and solar panels. Construction of the homes will start this summer and completion is expected by the end of 2021.

 

Photo: Impression of Wilgenrijk in Maassluis

 

SOURCE: www.amvest.nl/nieuws, April 24, 2020 by Amvest