IC Netherlands acquires first student residence in Amsterdam-Zeeburgereiland
- Property to be part of a separate portfolio in the Netherlands
- Primary tenant is DUWO, market leader in student accommodation
- Seven-storey student residence with 364 apartments
- Excellent tram, bus and motorway connections
IC Netherlands, a subsidiary of the German student housing specialist International Campus, has acquired a student residence in the eastern part of Amsterdam prior to construction. A sales agreement was signed between IC Netherlands B.V. and local property developer Van Wijnen B.V. at the PROVADA trade fair last week. Work on the student residence project located on IJburglaan in Amsterdam’s new Zeeburgereiland district has already started and is scheduled to be completed in July 2016. The student residence includes 364 apartments on seven floors and is part of a separate portfolio in the Netherlands.
Wouter van den Eijnden, Managing Partner of IC Netherlands, commented: “We are delighted that we were able to secure the IJburglaan project at such an early stage. Here in Zeeburgereiland, one of Amsterdam’s new urban development areas, we are creating an attractive, high-quality and architecturally appealing living space for 364 students.” Amsterdam is a flourishing city with round about 810,000 residents and approximately 103,000 students. “We are planning an initial portfolio of five properties in the Netherlands,” van den Eijnden added. “Another four student housing projects are already in the pipeline.”
Horst Lieder, Chairman of the Board of International Campus AG commented: “The student residence in Zeeburgereiland is our first real estate project in the Netherlands and is part of a separate portfolio for the country. In the Netherlands,