Utrecht, 8. Oktober 2018 – On 20 September 2018, Primevest Capital Partners signed the contract for the purchase of a residential building under construction at Frontensingel/Maagdendries in the centre of Maastricht. The purchase was for a separate account. The building is one of a total of five new apartment complexes to be built (for private rent and for sale) in the Sphinx quarter, 5 minutes from the Markt and Vrijthof squares in Maastricht.

The building to be built consists of 5 levels comprising 70 apartments measuring 85m2 on average, 70 storage rooms and 70 parking spaces in the underground parking. There is approximately 5,900 m2 of lettable surface area. The rentals will be around € 1,000 per apartment. The building will be marketed to seniors seeking the ease of city living, young double-income households and expats.

The seller is Sphinx Zuid BV, a joint venture between RO groep and 3W real estate. The building is being developed by RO groep and will be built by Bouwbedrijven Jongen, a member of Volker Wessels. The buyer is being advised by CMS and BOAG, while the seller is being advised by Boels Zanders advocaten.