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Savills IM adds six-story Amsterdam multifamily asset to flagship European Living Fund
Transactions - JULY 9, 2024

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Savills IM adds six-story Amsterdam multifamily asset to flagship European Living Fund

by Kali Persall

Savills Investment Management (Savills IM) has acquired a new-build multifamily development, located in Amsterdam’s Ijburg submarket, in an off-market transaction. Financial terms were not disclosed.

Completed in April 2023, the six-story Juf Nienke property consists of 61 residential units with a total net lettable area of 4,389 square meters (47,242 square feet), with 30 units leased in the mid-rental segment and 31 in the free rental segment. The ground floor of 817 square meters (8,794 square feet) is composed of commercial space that is currently leased to a kindergarten and a private gym, as well as 25 parking places.

Juf Nienke was built with materials that are either recycled or renewable, significantly reducing its embodied carbon profile. Other sustainable attributes include solar panels, EV chargers and efficient district thermal heating, and the building overall has very high sustainability and ESG standards.

In addition, the building is close to l

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