Deutsche Finance International (DFI) has acquired a major circa €200m residential-led development project that will see the creation of a new mixed-use district, which includes the preservation and recycling of the historic elements of a 19th Century flour mill in the Amsterdam suburb of Zaanstad-Wormerveer. Formerly the Meneba flour mill factory, the 4.6-hectare (11.4-acre) 100-year-old industrial site was purchased for the development of 600+ residential units, including Build to Rent and for-sale homes as well as ancillary commercial uses. The investment will therefore transform the underutilised area into a new mixed-use district to be enjoyed by both current and future generations of residents.
The business plan assumes partly retaining and refurbishing the heritage components of the old factory while inserting modern accommodation to complement these buildings. It will also incorporate new outside spaces and public realm for both residents and the local community. In addition, the buildings will feature state-of-the-art design and technology (including solar / PV panels, green roofs and façades, heat & cold storage, etc.) to make a sustainable living and working possible.
Zaanstad-Wormerveer benefits from excellent transport connectivity being just 20 minutes by road or rail from Amsterdam city centre and adjacent to the A7 motorway. The proposed scheme will benefit from its strong micro-location (close to local shops, amenities and schools) while providing much-needed mid-market and affordable housing for the local population.