Altera acquires 70 apartments in the centre of Tilburg

Real estate investor Altera Vastgoed NV (hereinafter: Altera) and V.o.f. Spoorlaan, a partnership between CRA Vastgoed and Novaform, have reached an agreement concerning the realisation of 70 new-build apartments on Spoorlaan, in the heart of Tilburg. The 70 apartments are part of a 24-storey residential tower to be constructed at the historic location of the Van Mierlo & Zoon bank building.

The rental units are two-room and three-room apartments, distributed across floors 2–11. Varying in size from 55 to 96 m², most of the apartments will be in the mid-range rental segment, with a portion being in accordance with the 2019 Tilburg Covenant on the Mid-range Rental Segment (Verordening Middenhuur Tilburg 2019).

The project will meet high sustainability requirements, and will be equipped with features including a thermal energy storage facility, a WTW ventilation system with heat recovery, and solar panels. In terms of mobility, the sustainable design will be enhanced by a spacious collective bicycle storage area and shared electric cars.

Artist Impression
Artist Impression "De Bankier" in the centre of Tilburg

Jaap van der Bijl, CEO of Altera: ‘Following previous acquisitions in locations including Den Bosch and Son en Breugel, we are delighted to be adding yet another new-build project in Brabant to our portfolio. In addition to meeting our requirements with regard to sustainability, the project will ensure the realisation of affordable living space within the mid-range rental segment at this location in the inner city of Tilburg’.

The project is being developed by V.o.f. Spoorlaan: a partnership between CRA Vastgoed and Novaform Real Estate Developers. Huybregts Relou is responsible for the realisation. Capital Value has acted as an advisor to the Seller. Construction will start in the second quarter of 2021, and completion is slated for two years later.


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