Hines Pan-European Core Fund acquires mixed-use residential scheme in Amsterdam

Hines has acquired Pontkade Phase 3, a mixed-use residential and office development within Amsterdam’s NDSM-West regeneration area, on behalf of the Hines Pan-European Core Fund (HECF).

Hines will forward fund the mixed-use development, which will consist of 208 apartments for rent, alongside 1,600 square meters (17,000 square feet) of office space and 800 square meters (8,600 square feet) of ground-floor commercial space for retail use. Designed by international architecture firm Moke, Pontkade Phase 3 features an 18-story residential tower and a seven-story office building. The project is expected to complete by the end of 2022.

Amsterdam’s NDSM is a large area of regeneration around the former shipping docks in the north of the city. Several major developments have already been completed, including the head office of retailer HEMA and an enhanced marina, alongside new homes, restaurants and bars. The world’s largest street art museum will open in the next few