Deutsche Finance International, a pan-European private equity real estate investor, has acquired a major €200 million ($235 million) residential-led development project that will see the creation of a new mixed-use district, which includes the preservation and recycling of the historic elements of a 19th century flour mill in the Amsterdam suburb of Zaanstad-Wormerveer.
The off-market transaction was undertaken on behalf of DFI’s inaugural fund, DFI European Value-Add Fund (DFI EVAF) and marks the company’s first investment in the Dutch market.
DFI is the majority investor in a joint venture with local development manager, Waterland Real Estate, and developer contractor Van Wijnen, one of the largest residential construction companies in the Netherlands.
Formerly the Meneba flour mill factory, the 4.6-hectare (11.4-acre) 100-year-old industrial site was purchased for the development of 600-plus residential units, including build-to-rent and for-sale hom
