Patrizia Immobilien announces that it has acquired Oranjekwartier, a 164-unit fully let residential scheme in the Koningin Wilhelminaplein area of Amsterdam. The asset was acquired for an amount of €66m on behalf of two institutional investors, as part of a ‘buy and hold’ strategy.
Peter Helfrich, Country Head of Patrizia Netherlands said: "The project was developed and maintained by Bouwconsulting Beheer BV, who is also the seller. “Based on these fundamentals we are pleased to have been able to acquire this attractive investment for our investors as part of our ongoing core strategy.”
Totalling 18,000 m² and at 13 floors, the landmark Oranjekwartier is one of the tallest buildings in the area. It was built in 2009 and consists of three separate buildings. Blocks A and C include ground level retail spaces, a kindergarten and a restaurant. The modern residential units range from 90-150 m² and include fully equipped kitchens.
Oranjekwartier is located within the Westlandgracht area of Amsterdam, close to the popular neighbourhood of Oud-Zuid and the 47-acre public park, Vondelpark. Both the city centre of Amsterdam and the Zuidas business district are easily reached by public transport and car.
