Bouwinvest Residential Fund purchases 933 new-build homes in Amsterdam from AM and Ballast Nedam Development
Area developer AM and Ballast Nedam Development have sold 933 homes in Eleven Square, the new mixed-use urban district next to the Johan Cruijff ArenA, to the Bouwinvest Residential Fund. This comprises 478 private sector rental apartments in Amsterdam's tallest residential tower, 455 student studios and 3,300 m² of commercial space. In terms of the number of homes, this transaction is the largest new-build transaction in the Dutch housing market.
During the festive occasion, the parties ratified the deal that was signed in December 2025. The purchase marks an important milestone for Eleven Square, which can now finally get started.
Amsterdam's tallest residential tower
Eleven Square will be the eye-catcher of the area with the tallest residential tower in Amsterdam. At a height of 145 metres, it will be a new icon on the Amsterdam skyline. Eleven Square covers a floor area of approximately 170,000 m², which is equivalent to around 28 football pitches. The name refers to the new lively square with a cluster of buildings and the 11 postcode area, of which Eleven Square forms the heart.
Ronald Huikeshoven, Chairman of the Board of AM:
'Eleven Square is the result of years of perseverance and intensive collaboration. We have always held on to the conviction that this place can grow into a fully-fledged and vibrant district. The fact that this is now becoming a reality is a joint effort between Ballast Nedam Development, AM and the municipaity of Amsterdam. With Eleven Square, we are not only adding many homes, but also giving this area a new future as a vibrant part of the city.'
