Heijmans sells final two premises to Ymere (NL)

Heijmans Vastgoed has sold two properties on the Oostelijke Handelskade in Amsterdam to Ymere housing corporation.

The two premises - Pakhuys Afrika and Huys Afrika - are part of the Plan Pakhuysen project. The transaction has a total value of around €30 million. Heijmans Bouw made a start with building the two sold premises at the beginning of 2006. Delivery is anticipated to be at the end of 2008.

A part of the project Plan Pakhuysen, Amsterdam

Plan Pakhuysen comprises the new construction of four towers and the renovation of Pakhuys Afrika. The project provides for the realisation of a total of 130 homes, around 14,600 m² of office space and 5,900 m² of commercial space. A parking garage with 392 bays is located under the entire project. Ymere has purchased 88 of these parking bays. Rodamco earlier took the remaining parking spaces.

The sectional project which has now been sold encompasses the renovation of Pakhuys Afrika (5,900 m²), which will serve after delivery as office premises. The other part of the project comprises the construction of 52 free sector rental homes in an entirely new building, Huys Afrika, being built alongside and above Pakhuys Afrika. Heijmans had earlier sold the other Plan Pakhuysen premises to Rodamco and to Ymere. With this transaction the entire Plan Pakhuysen on the Oostelijke Handelskade - representing a total value of around €97 million - has been sold by Heijmans.

Source: Heijmans

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