AM and Blauwhoed sell rental apartments Urban Villas in Amsterdam-Noord to Union Investment

Urban Villas is located in Elzenhagen South, a prime location in Amsterdam-North. The development consists of four villas that together comprise 173 homes in a park-like setting. Each building has been designed in collaboration by a different architectural firm, resulting in a unique ensemble of buildings. The architects involved are: Office Winhov, Bedaux de Brouwer Architects, Marcel Lok Architect and Korthtielens. The houses vary in surface area between approximately 42 m2 and 113 m2 and are intended for rental in the private sector. A spacious parking garage with 195 parking spaces for the entire Zuidbuurt will be realised underneath the building. 69 parking spaces will be sold to Union Investment.

In full development
Elzenhagen South is part of Centrumgebied Amsterdam Noord (CAN). Area developer AM and Blauwhoed previously realised Elzenhagen Noord, Noorderkwartier and Station Area in this area. Elzenhagen South is in full development and will change in the coming years into an urban residential area with facilities and greenery and 1,800 homes in both the rental and owner-occupied sector.

Peter Heuvelink, managing director at AM Noordwest: “With Urban Villas we, as a development combination, give substance to the diversity in the residential programme of the CAN area and the housing assignment within the Amsterdam Metropolitan Area. With scarcity within every residential segment in the region, Urban Villas is a very welcome addition.” Eltjo Bouwman, managing director residential at Blauwhoed: “The Urban Villas will be located in a park-like and car-free environment. With the greenery and various play areas, we create a neighbourhood that invites residents to move and meet each other.”

Capital Value assisted AM and Blauwhoed with the sale and Loyens and Loeff provided legal advice.