CBRE Investment Management Acquires 100-Home Amsterdam Residential Complex on Behalf of NN Group

CBRE Investment Management (CBRE IM), on behalf of NN Group, has acquired a new-build development of 100 rental homes in Amsterdam from You'RE Development.

Located on Naritaweg, on the former Klimhal Amsterdam site and within walking distance of Amsterdam Sloterdijk railway station, the scheme will provide a mix of rental housing alongside commercial space designed to support both living and working in the city.

The development comprises 94 mid-market rental homes with an average floorspace of around 60 sq m, five private-sector rental homes averaging approximately 93 sq m, and one social rental home. On the ground floor, there will be nine commercial units ranging from around 30 sq m, intended for small businesses, as well as a larger hospitality unit of approximately 185 sq m.

Designed by MOKE Architecten, the building places a strong emphasis on community, active travel and sustainability. A spacious bicycle store will be created on the ground floor, accessible from both sides via a dedicated cycle street. Wide staircases, landings, an inner courtyard and a roof terrace have been designed to encourage interaction between residents and support a strong sense of community.

This inner courtyard will include substantial planting, while greenery cascading from the roof terrace will reference the Brettenzone, the green wedge that connects Amsterdam-West via Sloterdijk with the landscape beyond.

To facilitate living and working in one place in the city, entrepreneurs who rent business space will have the first opportunity to rent a mid-market rental home in the complex.

The homes are being developed with an emphasis on affordability and sustainability. The scheme is targeting an A+++ energy rating, BREEAM-NL In-Use Excellent certification and CRREM alignment.

The acquisition is being made through the Positive Impact Programmatic Venture (PIPV), an NN Group initiative that invests in energy-efficient and affordable homes and is managed by CBRE Investment Management.

Marieke van Kamp, Head of Private Markets at NN Group: "The Naritaweg project combines affordable mid-market rental homes in an easily accessible location with high sustainability goals and a strong focus on creating a high-quality living environment. In this way, we are further giving concrete substance to social ambitions and climate objectives, and we are showing how we can achieve impact through our investments."

Developer Rogier Hendriks of You'RE Development: "In addition to the homes, the quality of the building as a place to live is what matters here. Space for bicycles, a courtyard garden and the possibility of combining living and working make this a project that fits the city."

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $154.8 billion in assets under management* as of June 30, 2026, operating in 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world's largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE's data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management's presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.