Atenor, acting via TBMB, the Dutch company in which Atenor acquired a 50% stake, has signed a binding Head of Terms with DUWO for the sale of the existing land rights for the East Tower of the project “The Stage” in The Hague under the suspensive condition of, among other things, obtaining the environmental permit and approval of the transaction documentation with the contractor for the construction of the tower. With this purchase, DUWO, a recognised investor in student accommodation, adds 520 student residences to its real estate portfolio.
This project involves the demolition of the existing outdated buildings and the new construction of a commercial ground floor, 520 student residences and 387 apartments, comprising circa 53,000m². TBMB submitted a planning application for the East and West tower of “The Stage” on 23rd December 2020.
The development on the Verheeskade is the most recent of the 31 projects that Atenor is currently developing. Covering an area of 1,240,000m², the different projects are located in Brussels, Wallonia and Flanders (Belgium), The Hague (Netherlands), Luxembourg, the Paris region (France), Lisbon (Portugal), Düsseldorf (Germany), Warsaw (Poland), Budapest (Hungary) and Bucharest (Romania).