Invester United Benefits an Austrian investors and IES Immobilien are developing a mixed-use project: Y-Towers, in Amsterdam. The two iconic towers will define the skyline of the northern bank of the Ij waterway at the centre of the city.
Y-Towers consists of a four-star hotel and residential towers with a current market value of €360m and construction costs of approximately €200m. The hotel at 110 metres will be the third tallest tower in Amsterdam and have 579 rooms. It is to be operated by Maritim, the largest owner-managed hotel group in Germany. Maritim Hotelgesellschaft lease term is 50 years. The hotel will have a congress centre with a capacity of up to 4,000 participants, including two ballrooms as well as several conference rooms.
The 101-metre high residential tower will comprise of 250 apartments – 100 units for extended stay purposes and 150 units for sale – on a gross floor area of 27, 000 m².
The planned handover is at the end of 2020.
