Amstelveen, July 20, 2023 - Real estate investor Altera Vastgoed NV (further: Altera) and Adriaan van Erk, part of the KlokGroep, have reached agreement on the acquisition of 225 rental homes within the mixed-use project the Pionier in Amsterdam.
Project the Pioneer (further: the Pioneer) is located in the large-scale development area of Port-City. The Pionier concerns a mixed-use development consisting of approximately 430 housing units of which 30% are social, 40% medium and 30% free sector segment owner-occupied and rental housing. In addition, social and community facilities are planned for approximately 15,000 m².
Altera will acquire 225 rental homes in the project, of which 175 will be in the mid-rent segment and the remaining 50 in the freehold sector. The social housing and social facilities will be purchased by Woonstichting Lieven de Key and the municipality of Amsterdam. The social infill consists of a nursery and an elementary school. The commercial spaces consist of offices and several business spaces for small and medium-sized companies.
With an energy label A+++, a BENG 2 rating and the realization of green roofs, green vertical facades and green interior gardens, among other things, it contributes to Altera's sustainability goals.
Jaap van der Bijl, CEO Altera: "With this acquisition we are fulfilling the need for housing in Amsterdam for the expected growth in residents in 2050. Mobility, sustainability and affordable housing for a diversity of households are important aspects of this. In this, middle rent is a category that is important for the various target groups in combination with the infill in social and community areas."
Construction is expected to begin in mid-2025 and be completed in mid-2028.
Development De Pionier is the starting signal for a new district Haven-Stad located in the northwest of Amsterdam and was designed by Mulderblauw architects. The Pionier is located in the large-scale Haven-Stad area to be (re)developed in Amsterdam, near the Transformatorweg and within the A10 ring road. Located on Turbinestraat, the building, with height accents of up to 60 meters, forms an entrance to the new district 'Sloterdijk I'. After realization, De Pionier will be part of a residential area with attention to greenery, sustainability, health and livability.
Harrie Doebe (commercial director) and Raimond van Koert (development manager), Adriaan van Erk, talk about the project: "De Pionier is a new piece of city in the big city. With its own dynamics with which we contribute to a sustainable future-oriented living environment. At the heart of the plan is the courtyard garden The Green Emerald. The Green Emerald makes it possible to live together and enjoy a green environment in the middle of the city. Increasingly, De Pionier is taking shape. Also based on our architectural concept that focuses on the needs of future residents and users while doing justice to the environment. A vital neighborhood is one with a strong mix of functions and inclusiveness. Living, working and recreation coexist and fit within the vision that Adriaan van Erk, the City of Amsterdam and housing corporation Lieven de Key have formulated together."
Roel Timmermans and David Vos, Cushman & Wakefield say of the acquisition, "Due to its mixed-use character and development stage, De Pionier still has several moving parts that make the project special and complex. The outcome of the process shows a cautious shift in the Dutch investment landscape, where there is a collaboration between an institutional investor and developer, who in an early development stage come to an optimally fitting and sustainable residential product that is ready for the future."
Adriaan van Erk was advised in the transaction by Cushman & Wakefield and AKD Attorneys and Notaries