MIPIM 2011: Dutch developers to market Rotterdam mixed-use project

Dutch developers OVG and MAB are in talks to sell the 160,000 m2 De Rotterdam project on the waterfront in Rotterdam.

The office section in the mixed-use project, also known as Vertical City, will cover 72,000 m2 and is valued roughly at around €200m.

The City of Rotterdam's land registry recently signed a lease for 30,000 m2.

In addition to the office space, the scheme will have 220 residential units, 9,000 m2 of leisure and 19,000 m2 of hotel space.

The developers are marketing the scheme, which is scheduled for completion in 2013, to potential investors, including Union Investment and Realis.

The project's name, De Rotterdam, derives from the name of a cruise ship used by Dutch emigrants leaving for the US. The ship departed from the quay where the scheme is being built.

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