Invesco Real Estate acquires major residential development in Amsterdam’s city center

Invesco has acquired a major residential development in the city center of Amsterdam in a forward-funding deal set to complete in first quarter 2024. The acquisition is the latest to be made on behalf of Invesco’s European Living Fund. The development is being sold by Maarsen Groep.

The state-of-the-art development, Caritas, in the central Amsterdam Nieuw-West district consists of 154 one- and two-bedroom apartments. The total space of 7,500 square meters (tk square feet) includes 70 square meters (tk square feet) of leasable commercial space. All apartments have been designed to cater the highly demanded mid-rental market segment.

The asset will meet very high ESG and sustainability standards, which achievement is reflected in an energy label of A++. This rating is based on sustainable technical installations, such as photovoltaics on the roof, LED lighting throughout the whole building and an underground bicycle park for more than 370 bikes.

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