Further expanding its position in the Netherlands, Union Investment has secured the AMST residential project in Amsterdam.
The project comprises two structures with a total of 21,849sq m of lettable space, of which around 15,890sq m is for residential use and around 5,960sq m for commercial use. The plans include 252 apartments ranging in size from 42 to 140sq m, as well as a supermarket and a food market in the commercial part. In addition, the project will have underground parking for 114 car and 966 bicycles. Completion is scheduled for December 2022.
AMST is centrally located in a prime location opposite Amsterdam Amstel Station. Major highways and Amsterdam Airport Schiphol are within easy reach. Restaurants and cafés, shopping facilities, schools and leisure facilities can all be found in the immediate vicinity.
“Residential investment is a key element of our strategy to further diversify and stabilise our portfolio,” said Adam Iranyi, Team lLeader for European Cross-Border Transactions at Union Investment Real Estate GmbH. “We want to boost the proportion of residential properties in selected European core markets outside the DACH region. Due to its ongoing rapid population growth, Amsterdam is an integral part of this investment strategy.”
