MRP hands over AMST Amsterdam to Union Investment at PROVADA
MRP symbolically handed over the AMST Amsterdam project to Union Investment Real Estate GmbH at PROVADA. AMST is a sustainable, mixed-use development and enables affordable housing for middle-income earners in the vibrant metropolis of Amsterdam. The project has since been awarded both the Mixed-use Development Award for the Netherlands in 2020 and the Middle Rent Award in 2022. In AMST, 252 housing units have been realized, divided over two buildings, 80% of which are earmarked for medium-rent housing. Part of the middle segment is suitable for larger families with a house size above 100 m². Union Investment received a symbolic gift from MRP: a breadboard made by wood from Amsterdam trees, with bread with salt which is a tradition in Germany for prosperity.
Niels Doodeman, Ofer Gilboa, Friedrich Warmbold, Michael Waldhauser, Bart Meijer, Marja van Reijn
Mixed-use development AMST nearing completion
AMST Amsterdam a development of MRP, bought in 2020 by Union Investment and financed by Rabobank, is nearing completion. AMST is part of the portfolio of open-end real estate fund UniImmo:Deutschland. "The completion of AMST, the first of five projects in Amsterdam, is an important milestone in our pan-European residential investment strategy. The 252 residential units, 80% of which are medium-rent properties, are almost fully let and thus above business plan. We therefore thank MRP for the excellent cooperation and are grateful for the exceptional quality delivered by both MRP and Heddes Bouw & Ontwikkeling" says Friedrich Georg Warmbold, Head of Investment Management Residential at Union Investment.
AMST consists of two buildings with a total of 21,849 sq m of lettable space, of which about 15,890 sq m is for residential use and about 5,960 sq m for commercial use. There is underground parking for 114 cars and a large bicycle parking. AMST is centrally located at a prime location opposite Amsterdam's Amstel Station. The main arterial roads and Amsterdam Airport Schiphol are within easy reach. Restaurants and cafés, shopping facilities, schools and leisure facilities can all be found in the immediate vicinity. Following the purchase of AMST, Union Investment acquired a large part of MRP's MIX Amsterdam project at Stadscentrum Osdorpplein in Amsterdam.
AMST Amsterdam
Bart Meijer, CEO MRP: "It is a memorable moment to transfer AMST now to Union Investment. With a lot of pleasure, we have worked on AMST to realize a qualitative, sustainable, and social development in Amsterdam and above all making affordable housing in the center of Amsterdam accessible. The construction is realized in a very short period by our partner Heddes Bouw & Ontwikkeling. We are looking forward to start our project MIX Amsterdam in Stadscentrum Osdorpplein with the same partners."
AMST is developed by MRP, realized by Heddes Bouw & Ontwikkeling and financed by Rabobank. "We are proud that we as Rabobank have been able to contribute to the realization of affordable and future-proof housing in the middle of Amsterdam. A great achievement by MRP and partners," says Robbert van de Kar, Executive Director Construction & Real Estate Rabobank. AMST is designed by VenhoevenCS architecture+urbanism designed AMST, the concept is based on the principles of Chinese Hakka culture, known for its walled housing units with wooden interior facades surrounding a court with communal facilities. There is the comfort of modern and sustainable living with the convenience of a vibrant and urban lifestyle. The inner courtyards are an oasis of calm with plenty of greenery and wood. All the roofs of the energy-efficient buildings are used to store rainwater in an innovative way, which is then used in a grey water system.
AMST is ontwikkeld door MRP, ontworpen door VenhoevenCS architecture+urbanism, gerealiseerd door Heddes Bouw & Ontwikkeling. Projectmanagement tijdens de bouw is gerealiseerd door Drees & Sommer.Ainanced by Rabobank and is part of the portfolio of open-end real estate fund UniImmo:Deutschland.
