CBRE Investment Management Acquires 437 Rental Homes in Amsterdam

CBRE Investment Management, on behalf of pension fund ABP, has agreed to acquire a residential development comprising 437 mid-market rental homes in Amsterdam from Orion Investment Partners.

Located at Overschiestraat 182-188, the scheme will deliver 437 homes and make a significant contribution to the supply of affordable rental housing in Schinkelkwartier, one of Amsterdam's largest urban regeneration projects, where approximately 11,000 homes will be built by 2045.

The apartments will have an average floor area of approximately 52 sq m, and the scheme includes approximately 950 sq m of commercial space. The development will also provide 40 parking spaces and extensive bicycle parking within an underground garage. The housing mix has been designed to meet continued demand for affordable rental housing from first-time renters, young professionals, couples, families and smaller households in Amsterdam.

The development forms part of Schinkelkwartier, located on the border of Amsterdam Nieuw-West and Amsterdam Zuid. Construction of the area's first residential complex commenced in April 2025. Over the coming years, Schinkelkwartier will be transformed from a predominantly commercial district into a vibrant and sustainable mixed-use neighbourhood incorporating homes, workspaces and community amenities.

By 2045, the area is expected to accommodate approximately 11,000 homes, while commercial space is set to increase from approximately 700,000 sq m to 1 million sq m. Planned amenities include schools, sports facilities, retail and restaurants.

The homes have been designed with a strong focus on affordability and sustainability. All homes will be delivered within the mid-market rental segment and are targeting high sustainability standards, including an A+++ energy label at building level, BREEAM-NL In-Use Excellent certification and CRREM alignment. Heating is provided via an energy-efficient district heating system, without fossil fuel combustion on site.

"Through this acquisition, we are expanding ABP's exposure to high quality rental housing in one of Amsterdam's most strategically important urban developments. Schinkelkwartier is being transformed into a vibrant and sustainable mixed-use district, and the delivery of new mid-market rental homes is an important part of that vision. The transaction aligns with our long-term strategy of investing in sustainable and affordable rental housing across the Netherlands." – Bas Tiemstra, Head of Continental Europe Direct Real Estate Strategies at CBRE Investment Management

Construction will start at the end of 2026.

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.

About ABP

Stichting Pensioenfonds ABP (ABP) is the industry-wide pension fund for employers and employees of government and educational institutions in the Netherlands. ABP has 3.1 million participants and 554 billion euros (as of June 30, 2026) in assets available. For more information: www.abp.nl.

About Orion Investment Partners

Orion Investment Partners is an independent investment and asset manager in Amsterdam, focused on residential, office and mixed-use real estate in the Netherlands. Orion combines local market knowledge with hands-on asset management and works with a permanent (development) partner. The investment and development portfolio comprises approximately EUR 1.2 billion in assets under management, spread over approximately 1,600 residential properties and approximately 55,000 m² of offices. More information: www.orioninvestmentpartners.com

About Boelens de Gruyter

Boelens de Gruyter is a Dutch property developer working on inner-city residential and office projects. The developer creates places where people like to live, work and live. This not only looks at the building, but also at the user, the environment and the significance of a project for the city. From the first phase, Boelens de Gruyter has been working closely with municipalities, investors and other partners to make complex developments feasible and to bring them to fruition. Recent projects include Berghaus and OKU House in Amsterdam and De Nieuwe Tuin in Utrecht. For Boelens de Gruyter, the building is only the beginning.