Catella Residential Investment Management GmbH (CRIM), Catella Investment Management Benelux (CIMB) and Catella Real Estate AG (CREAG) have acquired a mixed-use residential development in Nijmegen, in the east of the Netherlands, for €80m. The asset has been purchased on behalf of Catella European Residential Fund from Living Inn Ontwikkeling B.V. The Living-Inn complex is based on an innovative concept created by developer Roozen van Hoppe Group where active senior citizens and those in need of care live together with first-time renters.
The complex, which will open in 2023, is located on the Graaf Alardsingel in ‘De Waalsprong’, an up-and-coming neighbourhood to the north of Nijmegen’s city centre and the Waal river. The complex consists of five interconnected wings and will comprise 290 residential units, 80 care apartments, seven commercial units and an underground parking garage with space for 291 cars. Catella has now acquired four wings with a total of 263 residential units and 224 parking garages. Residents will be well served by healthcare facilities including a medical centre, physiotherapist and a nursery on site while restaurants and a swimming pool will offer communal meeting areas.
Ralph Willems, Senior Acquisition Manager at Catella IM Benelux, commented: “This concept is not new to us. We have already acquired a similar project from Roozen van Hoppe Group - ‘Ons Koningsoord’ in Tilburg - which is very popular with residents. This success has proven the model, which allows different generations to live together in a community of regular apartments, assisted living and affordable homes for young people, together with numerous communal amenities. The availability of optional care facilities also makes our Living-Inn lifecycle-proof. In partnership with Roozen van Hoppe Group, we are planning to roll out the Living-Inn concept across the Netherlands in new locations that we have already identified.”
Roozen van Hoppe Group will manage the Nijmegen complex and provide services to its residents as they already do in Tilburg. The Nijmegen development acquired by CER will comprise 181 well-appointed, apartments ranging in size between 65 and 160m² for seniors, each with their own outdoor area. These apartments are designed to be barrier-free and equipped with wide sliding doors and home automation. Another 82 smaller, affordable units will be available to first-time renters who, in return, volunteer to support senior residents and make them feel part of the local community. The complex will be connected to the district heating system, ensuring the highest possible energy performance rating. The city of Nijmegen aims to become carbon neutral by 2045 through its district heating which is fuelled by a natural gas installation and a biomass plant.