The municipality of Rotterdam, Heijmans and ERA Contour are signing a declaration of intent concerning the development of the Nieuw Kralingen area, a new residential district on the western side of the Kralingse Bos (Kralingse Wood). The agreement concerns the development and construction of approximately 400 homes in the higher segment. The partnership agreement is expected to be signed at the end of 2016.

The feasibility study for the development has since been completed. Over the coming months, an area vision will be developed and additional research will be conducted. Furthermore, the municipality is making preparations for the development of a zoning plan. With this development, the municipality of Rotterdam wants to anticipate the increased demand for more spacious homes in a unique, central setting: adjacent to the Kralingse Bos and close to the centre of Rotterdam. The expectation is that the concept area vision can be presented at the end of the year.

The declaration of intent will be signed by the parties involved during the PROVADA real estate exhibition on 8 June 2016. The earliest start date for the construction of the new residential district is 2018.

About Heijmans
Heijmans is a listed company that combines activities related to property development, residential building, non-residential building and infrastructure in the working areas living, working and connecting. Heijmans is active in the Netherlands, Belgium and Germany and as a technology partners delivers know-how and concepts in various markets. Our constant focus on quality improvements, innovation and integrated solutions enables us to generate added value for our clients. Heijmans realises projects for private consumers, companies and public sector bodies. With over 6,500 employees and almost € 2.0 billion in revenues in 2015, we are building the spatial contours of tomorrow. You will find additional information on www.heijmans.nl.

For additional information / not for publication:

Media
Marieke Swinkels-Verstappen
+31 73 543 52 17
mswinkels-verstappen@heijmans.nl

Analysts
Guido Peters
+31 73 543 52 17
gpeters@heijmans.nl


Press release


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Heijmans NV via Globenewswire
HUG#2015756