INVESTER accompanies sale of the Y Towers Amsterdam project
Vienna, 02. October 2019
The Viennese real estate company is selling the Y Towers project in the Dutch capital Amsterdam to Union Investment on behalf of a Viennese investor group.
INVESTER United Benefits has successfully structured and concluded the entire transaction and sales process for the hotel and residential tower project Y Towers in Amsterdam. The seller is a joint venture consisting of a Viennese investor group and IES Immobilien-Projektentwicklung GmbH. The project with a volume of around 460 million euros has been developed together by the joint venture partners in recent years. The parties to the contract have agreed not to disclose the purchase price. The sellers were advised by Schönherr Rechtsanwälte and the Dutch law firm Houthoff.
“We are very proud that we were able to help develop this extraordinary project in the heart of Amsterdam – one of the largest construction projects in the Benelux – and are pleased to hand over the further development of the project to Union Investment,” says Michael Klement, CEO of INVESTER United Benefits.
“As part of our new value-added strategy, we have been able to secure a unique project development with the Y Towers. The special feature of the Y Towers is not only their inner-city waterfront location, but also the possibility to realise a hotel development of this size and to develop a residential tower without rent commitments,” says Monika Gerdes, head of the value-added team at Union Investment Real Estate GmbH.
Der Standort des Projekts Y Towers befindet sich im Zentrum von Amsterdam im angesagten Stadtteil Overhoeks im Bezirk Amsterdam Noord direkt am nördlichen Ufer des Flusses IJ. Das Boomviertel Overhoeks wurde vormals industriel genutzt und gilt heute als eines der größten Entwicklungsgebiete in den Niederlanden. In unmittelbarer Nachbarschaft befinden sich zudem die beiden Sehenswürdigkeiten A`dam Tower sowie das EYE Film Museum.