The seller and project developer is a joint venture of Porten Development and Ten Brinke. They are both highly experienced real estate developers in the Dutch real estate market with a strong track record in creating attractive living spaces. Ten Brinke will act as the general constructor and complete the building ready for occupancy.

With a mix of one- to four-bed apartments with balconies, all delivered as “ready-to-move-in”, the property will meet the highest sustainability standards, including the use of a geothermal energy storage system and solar panels at the roof. It is aiming to achieve an A++ energy label. All apartments will be offered with no rental restrictions.

Zaandam is located at the northern border of Amsterdam, on the river Zaan, and supports a large base of commuters working in the Dutch capital. The asset will have an attractive waterfront location and is well connected to local private and public transport options.

Invesco Real Estate’s European Living Fund, launched in August 2020, has acquired various residential assets across Europe and the asset in Zaandam to date. This is the second transaction in the Dutch residential market after the acquisition of a 154-apartment complex in Amsterdam in 2021.

You can now read the full press release at the link below