Wonen Limburg to develop 253 apartments in Geusseltpark
On Wednesday, June 14, housing association Wonen Limburg and developer RO Group signed the purchase agreement at the Provada real estate fair for the construction of two residential buildings, comprising 80 apartments and 173 studios. This development marks a significant boost in the provision of affordable and mid-priced housing for a diverse group of people. Construction is set to commence this year, with new residents expected to move in by mid-2025.
Opportunities for first-time renters
In the current housing market, finding a well-maintained, affordable rental property is challenging. Particularly in Maastricht, first-time renters often struggle and are frequently forced to relocate to other regions post-graduation.
René Clement, Director of Real Estate at Wonen Limburg, expressed delight at the purchase: “We're adding over 250 homes in one fell swoop. We anticipate offering a comfortable new home to older home seekers and, notably, young first-time renters. I am pleased that we can meet the desire of the municipality to retain first-time renters in the city with these affordable homes." Johan Pas, member of the municipal executive for housing in Maastricht, added: "I am proud of this wonderful development for the city of Maastricht, particularly because this project caters to a significant need: 60% affordable housing."
Green and spacious living
The construction site, located on Terblijterweg, is situated within a short distance of Geusselt sports park and conveniently near various access and exit roads. The inner garden of the four-story residential buildings will be developed into a park-like environment. This green zone will not only help mitigate heat stress but will also provide a pleasant meeting place for residents. Clement continues: "Pleasant cohabitation starts with getting to know one another. The buildings and the layout of the grounds have been explicitly designed to facilitate this. This principle extends not just to the outdoor spaces, but also within the building housing the majority of the studios, with a communal meeting room and laundry facilities. By facilitating informal interactions, people can establish connections more quickly."
The studios for 1- and 2-person households have rents that qualify for housing allowances, as do 32 of the 80 apartments. The remaining 48 apartments will be priced in the mid-rent segment.
Collaboration
The purchase was made possible through collaboration with developer RO Groep Maastricht, the municipality of Maastricht, and construction company Van Wijnen.
