Catella IM Benelux (CIMB) has acquired a housing development in Zeist from Green Living Investments for c.€18m. The scheme is a redevelopment from an office building into residential dwellings and consists of 94 affordable rental apartments with a total area of 4,600m². The site also has 170 parking places and space for more than 100 bikes. The completion of the development is expected by the end of 2020.
Voas Brouns, Managing Director, Catella IM Benelux, said: “This type of affordable housing in one of the best residential areas of the Netherlands is very scarce and we are stepping up these investments where we can because of the strong market demand, which is not being satisfied by the limited supply. The property in Zeist is located in a very green area and close to Utrecht, with all the services the city has to offer, which makes it very appealing to a wide range of social groups, from starters to seniors.”