Eltjo Bouwman, on behalf of the CZAN development consortium: “Blauwhoed, together with AM and other partners, is working to create a new part of the city within the existing city in Elzenhagen Zuid. This is unique in Amsterdam. It requires careful and high-quality development, with the aim of creating a new home for everyone. We are pleased that this transaction will enable us to add more mid-range rental homes to the area. Mid-range rental homes have already been realised in earlier blocks.”

Mark Kouters, Portfolio Manager at CBRE IM: "The addition of 174 mid-range rental homes strengthens our Dutch residential platform and fits in with our long-term vision: investing in high-quality rental homes with stable prospects and social added value. With this purchase, we are adding high-quality mid-range rental homes in a location where demand is high and where we can make a concrete contribution to the development of a liveable, mixed urban neighbourhood.

Elzenhagen Zuid is a growing urban district in the heart of Amsterdam North that is being developed into a diverse, sustainable and future-proof residential environment. The Noordhof 3 and 4 sub-projects consist of a total of 294 owner-occupied and rental apartments and, together with four other building blocks, form the Noordbuurt neighbourhood. The homes have been developed with a focus on energy efficiency and high-quality architecture. The different façades, each with its own character, give the buildings an attractive and varied appearance. Contractors Heddes and Slokker are building the homes.

Elzenhagen Zuid is strategically located in Amsterdam North, close to public transport hubs and important amenities. In recent years, the neighbourhood has developed into an attractive residential area with an urban character, lots of greenery and space for socialising. The addition of the 174 mid-range rental homes in Noordhof 3 & 4 contributes to a balanced housing stock and supports the growing demand for affordable rental homes in Amsterdam. Capital Value advised CZAN on the sale.

Elzenhagen Zuid, an urban residential neighbourhood undergoing rapid development, will soon have 1,800 homes in both the rental and owner-occupied sectors. It is part of the Amsterdam Noord Centre Area (CAN) development, a new mixed-use high-density neighbourhood centred around the Noord public transport hub. This is the starting point of the North/South metro line, which connects to Amsterdam Central Station within five minutes.

These developments will not only give a high-quality boost to the central function of Amsterdam Noord, but also to the experience and quality of the city of Amsterdam as a whole. Future residents and visitors are assured of excellent connections to the city.

AM and Blauwhoed previously realised Elzenhagen Noord, a residential area with approximately 600 houses and flats, in the CAN area. The new Noorderkwartier residential neighbourhood has 120 spacious family homes (for sale) and 388 independent student flats (social housing). In addition, approximately 650 flats, 465 m² of commercial space and two hotels have been completed in the Station Area.