08.10.2018   News . Residential Real Estate

Primevest Capital Partners buys second residential building for a separate account in Maastricht

 
 
On 20 September 2018, Primevest Capital Partners signed the contract for the purchase of a residential building under construction at Frontensingel/Maagdendries in the centre of Maastricht. The purchase was for a separate account.
On 20 September 2018, Primevest Capital Partners signed the contract for the purchase of a residential building under construction at Frontensingel/Maagdendries in the centre of Maastricht. The purchase was for a separate account.

The building is one of a total of five new apartment complexes to be built (for private rent and for sale) in the Sphinx quarter, 5 minutes from the Markt and Vrijthof squares in Maastricht.

The building to be built consists of 5 levels comprising 70 apartments measuring 85m2 on average, 70 storage rooms and 70 parking spaces in the underground parking. There is approximately 5,900 m2 of lettable surface area. The rentals will be around € 1,000 per apartment. The building will be marketed to seniors seeking the ease of city living, young double-income households and expats.

The seller is Sphinx Zuid BV, a joint venture between RO groep and 3W real estate. The building is being developed by RO groep and will be built by Bouwbedrijven Jongen, a member of Volker Wessels. The buyer is being advised by CMS and BOAG, while the seller is being advised by Boels Zanders advocaten.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

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