In addition to owner-occupied apartments, Holland Park also gets non-subsidised rental apartments. The fastest growing new housing project in the Netherlands thus becomes even more attractive for house hunters. Bouwfonds Investment Management (Bouwfonds IM) buys a total of 226 dwellings for one of its pan-European property funds (separate account), spread over two apartment buildings. Both the municipality of Diemen and the initiators from Holland Park are pleased with this step: ‘in addition to a great number of buyers there are also many parties interested in a non-subsidised rental dwelling in Holland Park,’ says André Snippe on behalf of Holland Park.

Holland Park is a highly desirable new-build location in Diemen-Zuid. Since sales started early in 2015, more than 700 apartments have already been sold: an average of two per working day. The buyers are particularly enthusiastic about the attractive setup of the new neighbourhood: designer apartments with beautiful enclosed gardens and located on new canals. In close proximity there will be a lovely park with shops and other amenities. The strength of Holland Park is also in its accessibility: by train and metro, the centre of Amsterdam and the Zuidas are only 10 minutes away. The urban plan for Holland Park comes from Sjoerd Soeters and is inspired by Java Island in Amsterdam and the Sluseholmen district in Copenhagen. Each of Holland Park’s residential buildings is designed by a team of Dutch architects.

Expats
The initiators of Holland Park are Snippe Projecten and Bouwaccent Vastgoedontwikkeling. They are pleased with the agreement with Bouwfonds IM. Robèrt Verheijden, director of Bouwaccent: ‘Bouwfonds IM is a large player that makes investments for external parties for the long term. They only invest in high-quality projects which they expect to remain sustainably attractive. We see this step as an appreciation of the high level of quality that we are achieving here.’ According to André Snippe, director of Snippe Projecten, the non-subsidized rental dwellings are also good for Diemen. ‘There are hardly any attractive non-subsidised rental dwellings to be found in the Amsterdam region. In Holland Park also, we already have lengthy waiting lists for these. We see many inner-city residents and also lots of expats who, for example, work in the ‘Zuidas’. Soon we’ll not only be able to offer a large number of rental dwellings, but also lots of variety: from very large penthouses to compact city apartments.’ Anton Tjoonk, Fund Manager European Residential, Bouwfonds IM: ’We are delighted that this purchase, which is the result of prompt action by our acquisition department, enables us to achieve further diversification of our portfolio in Europe and to focus on further growth in the coming years.’

Block 20 and Block 21
The apartments that Bouwfonds IM are acquiring are in blocks 20 and 21, in the heart of Holland Park. Block 20 comprises 112 apartments ranging in size from 49 to 130 m2. Block 21 consists of 114 apartments ranging in size from 50 to 120 m2. There is covered parking available under the blocks. Both blocks are located around a secluded enclosed garden. Bouwfonds IM is the real asset investment manager of the Rabo Vastgoedgroep. Bouwfonds IM offers distinctive investment products for institutional and private investors in specific sectors in real estate, infrastructure and natural resources. Currently and in consultation with Bouwfonds IM, the final touches are being added to the designs of the dwellings. The construction has started in June  and the first tenants will be able to open the door of their design apartment as from early 2018. In this purchase, the buyer was advised by CMS, WTS and BOAG advies en management and the vendor by Van Doorne and EY.