Union Investment is expanding its partnership with Staycity. The Irish aparthotel operator is set to create long-stay residential units in the YVIE mixed-use project currently under construction by Union Investment in the fast-growing district of Overhoeks, North Amsterdam. From May 2024, Staycity will operate 120 rooms across a total of some 7,000 square meteres on floors 3–10 of the 31-storey residential tower, one of the two buildings that make up the YVIE ensemble. The other floors of the residential tower will accommodate 176 rental apartments, which are being marketed directly by Union Investment. The lease signed with Staycity has a term of 25 years. Entry into the Dutch market brings the number of hotels in Staycity’s portfolio to 33.
Source: Europe-re on the 21th of November 2022
https://europe-re.com/union-investment-teams-up-with-staycity-for-amsterdam-mixed-use-project-nl/71124