CAPELLE AAN DEN IJSSEL, THE NETHERLANDS
Kerklaan 450 - Development of 140 Apartments
The asset is located in Capelle aan den IJssel, a municipality fully integrated into Rotterdam, just south of the Prins Alexander neighborhood, at 20min from the city center. The property is located across the main metro station, next to a retail and leisure complex in a fully consolidated residential area with excellent transport links, schools, health centers, sports clubs, parks and other amenities.
The asset is a unique office building, leased by the local branch of ING Bank, which will provide upkeep and maintenance of the property in exchange for a lease waiver.
Property acquired in Q2 2019 with the goal to process a change of use to residential and develop a prime residential project on the site of the existing building.
SOLID & DIVERSIFIED OPPORTUNITIES
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