NIBC finances development of Eden District

NIBC has granted Blauwhoed a loan for the development of 95 sustainable homes on Lloydpier in Rotterdam’s Lloydkwartier district. These will form the new Eden District complex, located between Kratonkade and Lloydkade. Construction work began in early December.

The 95 homes are classified as “gate and town houses”, “waterside apartments” and “rooftop villas”. They average 132 sq. m. in size, and 95 underground parking spaces are also being created. The total living area is approximately 12,500 sq. m., and between the varied blocks is an enclosed garden. This green space symbolises the sustainable nature of the development and is accessible to residents for leisure and recreation. A PowerNEST system will generate solar and wind energy for the complex.

“This loan is of great importance to Blauwhoed,” says CFO Ernst Peeman. “It will enable us to complete this fantastic development on Lloydpier. We are very pleased with the result, and in particular with the fact that this deal once again underlines the strong relationship between Blauwhoed and NIBC.”

“We are also delighted to be able to contribute to the development of 95 sustainable homes,” adds Hein van der Post, Director of Commercial Real Estate at NIBC. “We have worked hard to achieve a good solution for both parties and are pleased to be supporting Blauwhoed in this way. This type of financing suits NIBC very well and underlines our commitment to backing sustainable inner-city projects in the Dutch market.”

Blauwhoed was assisted in negotiating this loan by CBRE Debt & Structured Finance. According to its Senior Director, Philip Zwart, “This project is great for the development of Rotterdam as a great place to live. Its sustainable nature chimes perfectly with the spirit of our times. We are very satisfied with the result, and with the opportunity to support Blauwhoed in this way. The good relationship between NIBC and Blauwhoed, combined with flexibility and decisiveness on the part of NIBC, ultimately made all the difference in this transaction.”

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