Syntrus Achmea Real Estate & Finance has purchased a total of 277 energy-efficient apartment units in central Amsterdam on behalf of the Achmea Dutch Value Added Residential Partnership (ADVARP). The units are being developed and constructed by VORM and Steenwell, with construction slated to begin this autumn and the development scheduled to be completed in the third quarter of 2021.
The homes will be built on Oostenburg Island, one of the three eastern islands located between the IJ waterway and Amsterdam’s canal ring. The 277 apartments are divided into 130 public housing units covering an average of 37 square metres; 29 medium-sized rental units of between 40 and 50 square metres; and 118 more upscale rental apartments measuring 50 to 80 square metres.
The Dutch Central Government Real Estate Agency (Rijksvastgoedbedrijf) today delivered a section of the former wharfs operated by manufacturer Stork Werkspoor on Oostenburg Island to Stadswerf Oostenburg Ontwikkeling B.V. (SOO), the company created from the merger of VORM and Steenwell. This section is located on the southeast side of Oostenburg Island, between the Van Gendthallen industrial site and the Oostenburgervaart canal. A total of 450 new homes and designated spaces for entrepreneurs are to be developed here, while taking care to preserve the island’s industrial roots and sense of community. The homes will go on sale in the third quarter of this year.
The apartments were designed by architects Paul de Ruiter, Bastiaan Jongerius and Ronald Janssen, while the Belgian architect and lecturer Kristiaan Borret is involved in the project as a supervisor, having been commissioned by the City of Amsterdam. Steenwell director Sylvester Snijder, commenting on the design: ‘Key elements, such as the island sensibility, the contrast between water and land and the preservation of the rough yet dynamic “vibe” of this place are all reflected in the stunning design created by these young architects. Due to the varying construction levels, the solid and natural materials used in the construction, and the building structures, Stadswerf Oostenburg will become a unique, edgy place to live and work, near the city centre and very much true to the spirit of Amsterdam.’
‘The 277 rental units we acquired meet a huge demand in Amsterdam for housing for various types of users, and sustainability plays a vital role,’ said Onno Hoff, Director of Fund Management Real Estate at Syntrus Achmea RE&F. ‘At the same time, these apartments in this unique Amsterdam location represent a valuable investment for the participants in ADVARP, which offers the prospect of measured and stable medium-term returns.’
In converting the site into a residential district, SOO will be working closely with consultants from BBN, which, as the delegated developer, will manage the project organisation in charge of the project, as well as being responsible for financial and technical management, from the tendering state through to completion. The design of the public space was created by Urhahn in conjunction with Dijk &co. The other members of the design team include CAE (construction company), DPA (engineering consultants) and Hiensch (installation advice).