DUWO, housing corporation Arcade, Greystar, and ABP are investing in 1,171 new rental homes in the heart of The Hague

This mixed-use project is a broad collaboration between commercial parties and social housing providers, working together to address the significant demand for affordable housing. As one of the first large-scale residential developments in The Hague, Waldorp Four will play a key role in the continued development of the Central Innovation District (CID), the economic heart of the city, located between and around the stations of Den Haag Centraal, Hollands Spoor, and Laan van NOI. Waldorp Four is designed by architectural firm Paul de Ruiter.

Sustainability and modularity
The construction of Waldorp Four will be managed by Heddes Bouw & Ontwikkeling, with work commencing in December 2024. The project will be realised in partnership with Ballast Nedam West. The towers will be constructed entirely using modular methods, in collaboration with Team Modulair, which will speed up construction time, minimise disruption, and reduce construction waste. Team Modulair includes Heddes Bouw & Ontwikkeling, Ursem Modulaire Bouwsystemen, and Schouten Techniek. The completion of the project is planned for mid-2028. The homes will meet stringent sustainability standards and are set to be certified with the BREEAM-NL Excellent In-Use certification and an A+++ energy label.

Arjan Peerboom, Director of New Build at Capital Value:
“What’s unique about this collaboration is that over 1,100 affordable homes will be added to the stock. In the coming period, we expect to announce more transactions.”

Lisette Nijs, Director of Area Development at the Municipality of The Hague:
“With Waldorp Four in the CID, we are making great strides in tackling the housing shortage in The Hague in a sustainable and inclusive way. This collaboration proves that, despite challenging market conditions, we can still deliver housing for a wide range of target groups. With three major railway stations, several educational institutions, and numerous facilities nearby, this project will also contribute to affordable living costs in a vibrant neighbourhood for future residents.”

Jimmy Kools, Owner of Sustay:
“Sustay focuses on developing affordable and sustainable homes. Helping people find affordable housing is our top priority. In Waldorp Four, all of our core values come together, and we are able to truly support those looking for housing. I am immensely proud that we have been able to realise this ambition.”

Waldi van der Wilk, Director of Project Development at Sustay:
“The project has a long and complex history, but thanks to the efforts and determination of all parties, we have been able to realise it and bring it to the construction phase. This is not only a huge achievement for us as developers but, more importantly, a great win for people seeking affordable rental homes in The Hague. This is exactly the kind of result we are working for!”

Mark Kuijpers, Senior Managing Director Central Europe at Greystar:
“This acquisition is the second major investment of the Dutch Essential Housing Venture. This collaboration with ABP focuses on adding high-quality, affordable new-build rental homes. The homes are intended for starters, people with middle incomes, those in essential occupations, and pensioners, including ABP participants. With this project, we are making a substantial contribution to solving the housing shortage by building on a large scale in a highly accessible location with excellent connectivity to the existing infrastructure.”

Harmen van Wijnen, Chair of the Board of ABP:
“The demand for affordable rental homes remains as high as ever. Investing in rental housing is a stable and reliable source of returns for our pension fund. ABP has set a goal to invest €10 billion in the Netherlands by 2030, with €5 billion dedicated to affordable rental housing. This helps us build a stable and financially secure pension for our members while also making a difference for those seeking housing, including our participants, by ensuring that affordable homes for police officers and teachers are developed quickly. In recent times, we have shown that we can help start housing projects in multiple locations across the Netherlands. We are pleased to add Waldorp Four to that list, as this project perfectly aligns with our goal of creating impactful, affordable housing for those who need it most.”

Wilfried Stribos, CEO of Housing Corporation Arcade:
“We are delighted to contribute to this project, which provides space for a broad range of housing seekers. With these new homes, including 212 (social) rental homes from Arcade, we are taking an important step together to ease the housing shortage. On this beautiful, centrally located site, we will soon be able to offer many people a home.”

Barend Kuenen, Member of the Board of DUWO:
“The Hague is increasingly developing into a true student city, and more student housing is needed. The construction of around 400 student homes is a welcome and much-needed addition for students in The Hague, as well as for us, the municipality, and the educational institutions that are active here.”

Niels Doodeman, CEO of Heddes Bouw & Ontwikkeling:
“With this project, we are demonstrating how we are ready for the future. Modular construction allows us to continue realising large-scale urban residential buildings in an industrial and sustainable manner, with minimal disruption to the surrounding area.”