To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionInvesco Real Estate acquires 172-apartment asset near Amsterdam as forward deal
Invesco Real Estate has acquired a prime 172-apartment residential asset in the Dutch city of Zaandam, north of Amsterdam within a forward deal structure due to complete at the end of 2025. The project has been acquired on behalf of Invesco Real Estate’s European Living Fund.
The seller and project developer is a joint venture of Porten Development and Ten Brinke. They are both experienced real estate developers in the Dutch real estate market. Ten Brinke will act as the general constructor.
With a mix of one- to four-bedroom apartments with balconies, all delivered as “ready-to-move-in,” the property will meet the highest sustainability standards, including the use of a geothermal energy-storage system and solar panels on the roof. It is aiming to achieve an A++ energy label. All apartments will be offered with no rental restrictions.
Zaandam is located at the northern border of Amsterdam, on the river Zaan, and supports a large base of commuters work