Altera acquires new Kop van Laak development in The Hague

Seventy-seven highly sustainable ‘all-electric’ apartments in the mid-segment rental property market

Amsterdam, 4 June 2019 – At the PROVADA property trade show earlier today, Altera announced its acquisition of the eye-catching Kop van Laak apartment complex in The Hague. The 77 sustainable, all-electric one- and two-bedroom apartments in this newbuild complex are expected to be delivered in the first quarter of 2021.

Kop van Laak is the final stage in the development of Spoorzone, the railway zone at the centre of The Hague. Altera has purchased the newbuild development from PIKE Vastgoed B.V. It has been designed by Arkelson B.V. and its construction, set to start later this year, will be executed by Ouwehand Bouw.

Fully reflecting Altera’s real estate investment strategy, sustainability will be a key principle in the development of the newbuild complex. The gas-free, all-electric apartments will feature energy-efficient underfloor heating, modern heat insulation and solar panels. The location, on the corner of Waldorpstraat and Calandstraat in the Laakhaven-West district, offers a perfect mix of green areas and urban dynamism, with facilities and amenities within walking and cycling distance, and optimum accessibility by both public and private transport. The properties are primarily aimed at young professionals and small families, with rentals starting from €850 per month.

Erwin Wessels, director of portfolio management at Altera:

“We are very pleased with the acquisition of this wonderful apartment complex. For the whole area, this will be the jewel in the crown of the complete redevelopment of the railway zone around Hollands Spoor station, which was once wholly devoted to a port and industrial area. Thanks to the effective collaboration with PIKE Vastgoed, the Municipality of The Hague, construction company Ouwehand and Capital Value, Kop van Laak will become part of a modern and varied neighbourhood that combines living, working and leisure in the style and atmosphere of the former port. In addition to the sustainable aspects, for us as investors, the affordability of the apartments was a key factor in sparking our interest in this residential development.”

Capital Value and Pels Rijcken PIKE Vastgoed B.V. both assisted in the sale of the complex.