The Zuidplein flat in Rotterdam has been sold to D&S Groep. It is the first larger-scale transaction of existing properties this year. The thirteen-storey building with 125 apartments and 12 commercial spaces is located in the Charlois district.
The residential tower was designed in the second world war by Willem van Tijen. Gerrit Rietveld also contributed to the design. The building was completed in 1949, in times of housing shortage. It is an example of post-WWII reconstruction architecture.
The Zuidplein flat was once the tallest residential building in Europe. It has been meeting the demand for affordable housing in South Rotterdam for more than 70 years now. In addition, the flat is nationally recognized as a national monument due to its special construction method and its place in the history of South Rotterdam. The buyer wants to keep what is good and sees opportunities for the future. D&S Groep has more than 35 years of experience in real estate. In addition to investments, they have a construction company, they do real estate management and brokerage.
“It is a special transfer as it is the first larger-scale transaction of existing residential investments this year,” said Brian Ederveen, Senior Consultant Capital Markets at Colliers. “Since January 1, the transfer tax has increased from 2% to 8%. Despite this increase, the demand for residential investments remains extremely high. ”.
“This special building is an excellent fit for an investor from the Rotterdam region,” says Sanna Wirtz, real estate advisor at Capital. “With this purchase, the D&S Group makes an important contribution to providing affordable housing in the city of Rotterdam”.
The seller was commercially advised by Colliers and legally assisted by Schaap Advocaten from Rotterdam. The buyer was commercially assisted by Capital Value.
