Capital Value sells Olympia portfolio in Amsterdam
21 juni 2016
Capital Value recently sold the Olympia portfolio in Amsterdam, a unique portfolio consisting of three complexes with in total 206 apartments and 10 commercial spaces. The complexes date back to the thirties and are part of the so-called 'Plan Zuid', an urban plan that was designed in the early 20th century by architect H.P. Berlage. Capital Value advised on the sale on behalf of B.V. Beleggingscombinatie Olympia.
The apartments are located in the popular area Amsterdam-Zuid and have been built according to the style of the 'Amsterdamse School'. Marijn Snijders, managing director of Capital Value: "Residential portfolios of these kind are 'a once in a lifetime opportunity'. Both Dutch and international investors showed their interest in the portfolio. A record number of investors were interested in acquiring the portfolio."
Shortages on the Amsterdam residential market
The Amsterdam housing market is currently struggling with huge shortages and rising property prices and rents. With 10,000 new inhabitants for Amsterdam each year, the shortages and rental and purchase prices are increasing further. For more information on the developments of the residential investment market, please also check our annual research on the developments on the Dutch market.
For more information on this transaction, please do not hesitate to contact Marijn Snijders.