RED Company and Redevco have formed a joint venture to deliver the 159m high The BaanTower residential scheme in Rotterdam.
The Powerhouse Company-designed landmark building will provide 427 rental apartments in the city’s vibrant Baan Quarter. The BaanTower’s amenity provision includes a rooftop pool and garden, a gym, library and a communal living room.
The tower has been designed following the ‘Trias Energetica’ integrated sustainability concept to reduce the building’s energy demand, generate remaining energy through sustainable sources and if necessary efficiently use energy from other sources.
Herman Jan Faber, head of business development at Redevco, said: “We believe that cities should make a positive contribution to the health & wellbeing of both people and planet. One of the areas in which we can help make that happen is through building sustainable, high-quality homes. The collaboration with RED Company fits this ambition.”
Nanne de Ru, founder of RED Company, added: “From the start, our dream has been to design, develop, build, and invest in The BaanTower. With this collaboration, we are making that dream a reality. It will allow us to ensure the long-term quality of the rental housing while at the same time achieving our ambition in terms of sustainability and high-quality design.”
Construction of The BaanTower is expected to commence in September this year with delivery scheduled for 2026. ABN AMRO is the financing bank for the joint venture.
