Savills Investment Management (Savills IM), the international real estate investment manager, has acquired a new-build, multifamily development in Amsterdam’s Ijburg sub-market in an off-market transaction on behalf of its European Living Fund.
Completed in April 2023, the six-storey Juf Nienke asset consists of 61 residential units with a total NLA of 4,389 square metres, with 30 units leased in the mid-rental segment and 31 in the free rental segment. The ground floor of 817 square feet comprises of commercial space currently let to a leading kindergarten and a private gym as well as 25 parking places.
A modular, timber-framed construction, Juf Nienke has been built with materials which are either recycled or renewable, significantly reducing its embodied carbon profile. Other sustainable attributes include solar panels, EV chargers and efficient district thermal heating. Overall, the building has very high sustainability and ESG standards.
Source: savillsim.com on the 8th of July, 2024
https://www.savillsim.com/2024/savills-im-adds-amsterdam-multifamily-asset.aspx#