Project HUB II

Loan of €13.8 million to finance the purchase of a residential project with 89 apartments in Amsterdam

PolarReal assisted BLVG Ontwikkeling in arranging the financing for the purchase of their Hubstudio location in Amsterdam East. Hubstudios has been leasing and operating this project for several years, and the opportunity arose to acquire the property from the landlord. The project was fully renovated by Hubstudios in 2017, comprises 89 residences plus a gym and a restaurant, and has an energy label A. The units are typically between 17 and 45 m² in size and specifically serve a market segment experiencing significant scarcity in Amsterdam.

BLVG and its development company BLVG Ontwikkeling BV (www.blvg.nl) are a well-known Amsterdam real estate developer, active since 2006 in various sectors and focused on locations in and around Amsterdam.

An attractive development and investment loan that recognizes the unique added value of the project

In collaboration with Rabobank, we have been able to structure financing that does justice to the very attractive sustainability parameters and to the fact that the project addresses the key bottlenecks in the Amsterdam housing market.