IC Netherlands and CBRE global investment enter into a programmatic venture with acquisition of DUTCH residential project
AMSTERDAM 9 September 2020 – IC Netherlands (IC NL) and CBRE Global Investment Partners (CBRE GIP) have acquired the residential element of ‘Don Bosco’ in Amsterdam, comprising 429 apartments, for their programmatic venture the “Dutch Urban Living Venture” (DULV).
The scheme, which recently completed, has been developed by IC NL, which will remain the operating partner for the project and will co-invest in DULV alongside CBRE GIP. DULV invests in newly built urban young professional accommodation in the Netherlands through forward funding turnkey purchase contracts.
The apartments at Don Bosco, which is situated in the redeveloped district centre of Amsterdam Nieuw-West, have been designed to appeal to young professionals and most will be for private rental. The development as a whole includes 20,391 sq m of residential space, 858 cycle storage spaces – which have also been acquired as part of the deal.
This is the news bulletin of IC Netherlands B.V