Altera invests in mid-rent apartments in Utrecht
Real estate investor Altera Vastgoed NV (hereafter: Altera) and Beneluxlaan Utrecht CV have reached an agreement on the purchase of a new apartment complex to be built on Beneluxlaan in Utrecht. The complex will provide 200 apartments for the mid-rent segment. Bouwbedrijf Wessels Rijssen BV, part of VolkerWessels, is responsible for the construction.
The building’s residential section will consist of 78 two-bedroom apartments and 122 one-bedroom apartments, varying in size from 53 m² to 84 m². In addition, the building will include approximately 600 m² of commercial space, 87 parking spaces (including charging spots and shared cars) and approximately 699 bicycle parking spaces.
The project (with an A+++ energy label) is in line with Altera’s sustainability goals, which will also be served by the installation of solar panels and a Vaanster EQw system. To reduce heat stress and the risk of flooding, a green roof provides water buffering while improving biodiversity in the city.
Altera’s CEO, Jaap van der Bijl: “With the purchase of these apartments on Beneluxlaan in Utrecht, we are taking further steps to meet the huge demand for affordable housing in the city. This project, which also contributes to our ESG goals, makes a great addition to our young and sustainable residential portfolio.”
Affordable urban housing
Utrecht has a very strong housing market and is one of the Netherlands’ five largest cities. The city has adopted the guiding principle of healthy urbanisation as a way to facilitate growth. Affordable housing for a diverse range of households is one of the focal points in this regard. It’s an approach that reflects Utrecht’s Housing Vision and Spatial Strategy, which identifies appropriate and affordable housing as a key objective. The mid-rent category is an essential element for target groups such as recent graduates, young households entering the housing market and the city’s older residents.
The project is on the corner of Beneluxlaan and Vasco da Gamalaan in Utrecht and is easily accessible by public transport. A high speed tram link stops at Vasco da Gamalaan, offering swift connections to Utrecht Central Station and other destinations. The future residents will have ready access to urban amenities and nearby Transwijk park.
The start of construction is scheduled for August 2022.
Altera was advised on this purchase by MooV B.V. and the seller Beneluxlaan Utrecht C.V. was advised by Brecheisen makelaars.