MN acquires 119 mid-rental and 120 unregulated rental homes in Amsterdam-Sloterdijk
3 december 2021
On behalf of its client, pension fund PMT and together with housing associtation Lieven De Key, MN has purchased the new-build project Crossroads in Amsterdam from project developer To Be Developed (TBD). Capital Value supervised the purchase process for MN. It is a new step in the development of this as yet fairly monofunctional office area into a lively new urban center.
The mixed-use development is a design by MVSA Architects and will be realised near Amsterdam Sloterdijk train station. The plan includes two striking residential towers with a commercial plinth and comprises a total of approximately 31,000 sqm. Boele & Van Eesteren, a VolkerWessels company, will be responsible for the construction of Crossroads that will start in 2022.
119 mid-rental homes, 120 unregulated homes and a commercial plinth
The project consists of four building parts. The plinth will have a transparent and inviting character. The middle building offers space for spacious apartments and forms the transition to the 90-meter high residential tower, from which the glass corners overlook the city. On behalf of its client PMT (Pensioenfonds Metaal en Techniek) MN has purchased 119 mid-priced rental homes, 120 unregulated homes and the commercial plinth in these parts, a large part of which has been let to a supermarket on a long-term basis.
In the second, eastern tower, 132 student residences are being built in collaboration with De Key. This tower will be 40 meters high and will have striking balconies.
A multifunctional area
Crossroads forms the center plan of the Sloterdijk station area, which is currently being transformed into a multifunctional area. Office complexes are transformed into residential buildings, old commercial buildings become breeding grounds for the new economy. Sloterdijk is also part of the much larger Port-City area development. An area development that provides for (port) companies in the port area in the northwest of the city to make way for 40,000 to 70,000 homes in the coming decades.