AXA IM Alts completes forward funding acquisition of 313-unit residential development in The Hague

AXA IM Alts, a global leader in alternative investments with c. €168 billion of assets under management , announces that it has acquired, by way of a forward purchase agreement and acting on behalf of clients, the ‘Binck City Park Block 1’ residential development in The Hague, the Netherlands.

The site has been acquired from VORM, a major Dutch developer of high-end residential real estate. Due to complete in 2024, the c. 21,000 sqm complex will comprise 313 residential units for the rental market, ranging in size from c. 46 sqm to 98 sqm, each with their own balcony and delivered to above-market specifications.

Supporting documents

Click link to download and view these files