In the interest of ING, Ballast Nedam Development and AM have taken over the stocks of the development cooperation OMC – the partnership between Ballast Nedam Development, AM and ING. With this transaction, Ballast Nedam Development and AM will be 50/50 partners in OMC, and together they will continue to develop the project Urban Interactive District (UID) in Arenapoort Amsterdam Zuidoost.
The Urban Interactive District (UID), located directly across the Johan Cruijff ArenA, will bring an urban dynamic by mixing different functions to strengthen the ArenA area. The plan exists of four clusters with approximately 410 subsidised residences, about 540 free sector rental properties, roughly 30,000 square feet of office space, a theatre, a hotel, cafés, restaurants, several leisure functions and a common underground parking garage.
Recently, OMC and the municipality of Amsterdam signed the agreement about the programme and the land price for UID.
OMC is a partnership between Ballast Nedam Development, AM and ING. Amsterdam works on the development of the area together with this combination since 1996.