Catella: Real Estate AG acquires affordable, large and sustainable residential building in Nieuwegein, the Netherlands, for the sustainable fund “Sarasin Sustainable Properties – European Cities”

Jos Klinge, Senior Director of Acquisitions, CIMB, said, “This transaction expands our affordable housing portfolio in the Netherlands and demonstrates our commitment to providing sustainable housing at a time when the local municipality faces a severe housing shortage in the region. The various apartments are ideal for a range of residents, including singles, couples and small families who will also benefit from the property’s location in the city center and easy access to the nearby City Plaza shopping center. with over 150 stores and restaurants. “

Nieuwegein is located in the center of the Netherlands and has a population of over 63,000. It was founded in 1971 to accommodate the growing population of its close neighbor, the city of Utrecht. Nieuwegein town center has many amenities such as town hall, theater, shops, restaurants and other leisure activities. St. Antonius Hospital and Oudegein Park are located across the Zuidstedeweg.

Weverstede is well connected with the A2 and A27 motorways and public transport is available within 200 meters, with a new tram and bus station being completed in 2023. Utrecht city center and its university are reachable in 20 minutes by public transport, 15 minutes by car and 30 minutes by bike.

The project underpins the municipality’s ‘2040 zone vision’, which aims to develop 7,500 sustainable homes to tackle the housing crisis in the Netherlands, supporting the national goal of building 900,000 homes for by 2030.

Construction begins in January 2022 and completion of the building is scheduled for July 2024. Catella has been advised by Osborne Clarke on legal matters, PVM on engineering, KPMG on taxation and structuring, Savills on commercial, while Brecheisen Makelaars acted as the seller’s side broker on this transaction. .

Axel Bertram, co-portfolio manager, CREAG, says: “We are pleased to add the Weverstede project to the SSP portfolio, being the fund’s 27th acquisition since its inception in 2011. Throughout this investment, the fund is expanding its residential allocation to around 20% in line with its investment strategy to maintain strengthening in the residential and logistics sectors in the years to come. In addition, this property fits well in our sustainability standards by obtaining BREEAM certification, installation of solar panels on the roof and high quality apartment finishes for future tenants. ”

About “Sarasin Sustainable Properties – European Cities”

Sarasin Sustainable Properties – European Cities (SSP) is a special open-ended real estate fund of Catella Real Estate AG, Munich, in cooperation with Bank J. Safra Sarasin in Switzerland. The cooperation with Bank J. Safra Sarasin SA with common sustainability objectives started already in 2011 and thus plays a pioneering role in the field of sustainable European real estate investments. The fund is specifically tailored to the needs of institutional investors in Switzerland, Austria and Germany.

The SSP fund manages around 800 million euros, with 27 properties in 11 European countries, with the Netherlands holding around 28% of the total portfolio.

About Catella Real Estate AG (CREAG)

Catella Real Estate AG (CREAG), founded in January 2007 and based in Munich, deals with the management of real estate investment funds and provides advice on investing in real estate. CREAG is an authorized capital management company (KVG) under German investment law (KAGB). The object of the company is the design, development and management of real estate investment funds with variable capital based on the expertise and the exceptional market position of the Catella Group. CREAG currently manages 6.4 billion euros of assets in 19 real estate funds (as of September 30, 2021).

For more information please contact:

Julia Stübler

Marketing Manager

Catella Real Estate SA

Alter Hof 5

80331 Munich

M: 49 152 389 228 65

E: [email protected]


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