Van Dijk & Ten Cate advises on the sale of three complexes in Amsterdam-Zuidoost to the COA

The Central Agency for the Reception of Asylum Seekers (COA) purchased the three linked complexes on Tafelbergweg in Amsterdam-Zuidoost from the Levvel Foundation.

In 1985, a judicial juvenile institution was built in the south-west corner of Amsterdam-Zuidoost, after which it was remodelled and changed into a closed youth care institution in 2007. In 2012, the site was expanded with three sustainable complexes located at the front of Tafelbergweg.

The complexes have energy label A and cover a total area of approximately 3,500 m2 l.f.a. with 15 parking spaces and is equipped with a thermal power plant. The complexes are located in the armpit of the A2 and A9 motorways, enclosed on the north side by the “Foodstrip” opened in 2006 where Burger King and KFC, among others, are located, and on the south side by the “Hoge Dijk” golf course. To the east of the complex is the Amsterdam UMC hospital and various medical facilities.

The realised purchase price is EUR 8.5 million.

COA can immediately use the complexes to house asylum seekers. Levvel Foundation offers specialist youth assistance to children, young people and families. Levvel offers all help under one roof: from parenting support to specialist youth assistance and even complex psychiatric care. The funds received will again be spent entirely on these objectives.

The seller was legally advised by Drost Juten Notarissen and commercial guidance was provided by Van Dijk & Ten Cate Real Estate Consultants.