Robbert van Dijk, fund director ASR Dutch Core Residential Fund: “Because a whopping 255 homes will become available in the mid-priced rental segment, this project allows us to truly make an impact on the affordability of the Amsterdam housing market as well as act on our impact strategy regarding affordable rentals. The project also fits in well with changing housing needs. People are working from home more and more, which is why we are focusing even more on liveability in and around the home. Plesman Plaza and its facilities are well able to meet this demand.”
Sjoerd Lycklama, partner Flow Real Estate Development: “In close collaboration with the municipality, we have worked hard in recent years to make this complex project a reality. We are pleased to add many new affordable homes in a sought-after location in Amsterdam with this development. In the coming period, we will continue to work on the redevelopment of the adjacent monumental building, which after renovation will provide space for approximately 1,500 m² commercial program, including a café-restaurant, a gym and creative office space.”
Construction of the residential buildings will start at the end of 2021, with the first building expected to be completed 24 months later. The completion of the other residential buildings will be completed at the end of 2024.
The project will be realised by Smit's Bouwbedrijf from Beverwijk. Flow Development was assisted commercially by residential investment advisor Resi and legally by Houthoff.