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AM and Amvest acquire Draka site in Amsterdam-Noord Amsterdam, 17 July 2025 Area developers AM and Amvest have acquired the land position of the former Draka site in Amsterdam-North from Prysmian, Hines and Provast. The site has a size of 50, 000 m², own land and offers space for approximately 150, 000 m² gross floor area of new construction. A vibrant new urban district will emerge here in the coming years with plenty of space to live, work and relax. The acquisition of the Draka site is among the largest development takeovers in the Netherlands in recent years. 1, 600 homes; two-thirds affordable The plans for the area are ambitious: about 1, 600 new homes will be built on about 5 hectares, two-thirds of which will be in the affordable segment. Some 30, 000 m² will also be available for businesses in the manufacturing industry, offices and catering. The area is located directly on the IJ and overlooks Java Island. Water and nature will have a prominent role in the area. This not only contributes to the quality of life, but also provides cooling and helps make the area climate-adaptive. Heleen Aarts, CEO Amvest: "Amvest has been developing affordable housing in attractive Amsterdam residential areas for over 25 years. The extensive Draka site is a logical addition to our list of transformations of former industrial areas. Together with our partners and the municipality, we look forward to turning Draka into an open, lively urban district - already during development - where thousands of people will soon find a nice home and enjoy living." Future-proof and nature-inclusive With this area development, AM and Amvest are aiming for a future-proof and inclusive neighbourhood, matching the dynamics of the Hamerkwartier. The design pays a lot of attention to climate adaptation, nature-inclusive building and a lively mix of living, working and meeting. The Draka site will thus become a new urban district, with plenty of room for affordable housing. Quality and affordability Ronald Huikeshoven, board chairman AM: "By purchasing this area, we are once again investing in the future of Amsterdam and contributing to the urgent housing challenge. On this beautifully located site, we want to realise a sustainable, high-quality residential environment. We are committed to quality, affordability and careful integration into the character of the surroundings. Together with partners, we want to develop a new neighbourhood here that is valuable for current and future generations." Realisation The demolition work is expected at the end of this year to deliver the site ready for building. AM and Amvest will then start the remediation work. The site will be realised in phases. Construction is expected to start in 2027, as soon as the zoning plan is in place. The Draka site was closed off with a large fence for the past decade. AM and Amvest will make the site accessible to the city again, even during the phased development and realisation. Editor's note: For more information, please contact: AM Communications Department, phone 030 6097222 or communicatie@am.nl Amvest Norbert Cappetti, phone 06-21462226 or ncappetti@amvest.nl About AM Imagining and developing inspiring and sustainable living environments is AM's passion. As a committed area developer, we place societal challenges at the heart of our development process. We work together with stakeholders on the basis of conceptual strength, innovation and co-creation. Inspired by current social themes, we place particular emphasis on affordable housing and climate-positive area development. In cooperation with governments, property investors, housing corporations, social organisations, residents and other property users, this results in special and high-quality areas in which to live, work, shop and relax. AM, part of Royal BAM Group, is thus ensuring quality of space and quality of life. www.am.nl. About Amvest Giving people a nice home: that has been Amvest's mission for 25 years. As an investment manager and developer of housing and residential areas in the Netherlands, Amvest wants to contribute to well-functioning, varied neighbourhoods where people enjoy living for a long time. Amvest Investment Management manages free-sector and social rental housing in three portfolios: the Amvest Residential Core Fund, the Amvest Living & Care Fund and Separate Accounts. In addition, Amvest Development realises new properties, mainly rental properties in the middle segment. www.amvest.nl AM Ptolemaeuslaan 80, 3528 BP Utrecht Postbus 4052, 3502 HB Utrecht T +31 30 6097222 I E communicatie@am.nl I www.am.nl |
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