Transaction
Union Investment sells newly built residential complex Urban Villas in Amsterdam to MEAG
August 6, 2025
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Sr Communication Specialist
Union Investment has successfully sold the high-quality Urban Villas complex in Amsterdam to a real estate special fund managed by MEAG. The property, located on Elzenhagensingel, consists of four striking residential buildings with a total of 173 rental apartments on an area of around 12,310 sq m.
The five- to six-storey residential buildings were designed by four different architects and each constitute independent residential complexes connected by an underground car park. Built to meet the latest energy regulations, the buildings are virtually energy neutral and reflect a strong focus on sustainability and future-proof design.
CBRE previously advised Union Investment on the acquisition of the project in 2021 through a forward funding transaction for the open-ended real estate fund UniImmo: Global, when it was acquired from CZAN, a development joint venture between AM and Blauwhoed. Now that the project has been successfully completed, Urban Villas is being sold for portfolio strategy reasons and also serves to improve the fund’s current liquidity situation. The asset was marketed through a structured bidding process.
Thomas Westerhof, Head of Living Investment at CBRE, stated: “The sale of Urban Villas underscores the strong fundamentals of the Dutch Living market and confirms sustained interest from international institutional investors in high-quality, sustainable Living assets. This transaction sets a new benchmark for prime income producing Living assets in the Dutch market.”
Union Investment was advised on the transaction by CBRE, Dentons, and RSM. MEAG was advised by BNP Paribas Real Estate Netherlands, Greenberg Traurig, and C2N.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
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