Catella IM Benelux (CIMB) has acquired two fully-leased housing schemes in the Dutch towns of Nieuwegein and Deventer on behalf of the Catella Wohnen Europa Fund. The purchases, totalling €34m, are in line with Catella’s strategy to expand its presence in subsegments of the residential market including housing for young professionals and seniors to support growing demand.
The asset in Nieuwegein is a former office building and was purchased for c.€17m. Built in 1985, the property was converted into apartments in 2018 and now comprises 96 residential units with a total area of approx. 4,200m² as well as 87 parking spaces. The vendor is a privately-owned company. Nieuwegein is located near Utrecht, one of the fastest-growing university cities in the Netherlands and about 35kms from Amsterdam.
The property in Deventer, a regional city located in the eastern Dutch province of Overijssel, is a senior housing complex with adjoining healthcare facilities and was likewise acquired for circa €17m. Developed in 2000, the building comprises 84 apartments with a total rental surface of c.8,000m². The vendor was AG Park Gooiland.
Voas Brouns, Managing Director, Catella IM Benelux, said: “Huge demand exists for high-quality, affordable housing for young professionals and seniors in the private rental sector, but supply is very scarce. Catella IM Benelux is stepping up its investments in both these niche segments to help alleviate the accommodation shortage. Both these properties are located in cities with favourable demographics and good connectivity and will add residential units of superior quality in Nieuwegein and Deventer.”