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19 October 2017
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RJB purchases "the Valley" from OVG

06 September 17 - RE+D Magazine

DEALS

DATE BUYER SELLER
17 October 17 Credit Suisse Asset Management Legal & General capital
30 August 17 GLP J-REIT Global Logicis Properties

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Antulio Richetta

Director IBI Group
OVG Real Estate, which launched the Valley project in mid-August, has sealed the sale of the building to the RJB Group of Companies. Valley will be a mixed-use building with residences, offices, a sky bar, restaurants, shops, an underground car park and cultural facilities.

 

Valley was developed by OVG Real Estate and designed by the MVRDV architectural firm. The name ‘Valley’ refers to the landscape throughout and across the building, which is reminiscent of a valley, according to OVG’s press release.

The focus of the landscaping is on sustainability and a healthy working and living environment. Valley will also be largely open to the public, with public spaces located throughout the building.

Valley will have a total gross floor area of around 75,000 m2, with a maximum height of around 100 metres in the highest tower of the building.

As regards the residential section, there will be 196 apartments, varying in size from 55 to 700 m2, all of which will be for lease.

RJB Group of Companies, a private real estate company established by Ronny Rosenbaum, is adding Valley to its portfolio.

The project is located on Beethovenstraat in Amsterdam across from the ABN AMRO head office and next to the Goed Genoeg Sports Park (AFC). The building is expected to be completed in 2021.

Construction is in the hands of the Volker-Wessels companies G&S Bouw and Boele & van Eesteren.

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