Catella Real Estate AG (CREAG) has purchased an affordable residential development in Nieuwegein, the Netherlands, together with its sister company Catella Investment Management Benelux (CIMB). The acquisition was completed through a forward funding agreement with Fresch Real Estate on behalf of Catella’s Sarasin Sustainable Properties – European Cities Fund.
Nieuwegein is located in the center of the Netherlands and has a population over 63.000. It was founded 1971 to accommodate the expanding population of its close neighbor, the city of Utrecht. Nieuwegein’s city center has many amenities such as the City Hall, the Theatre, shops, restaurants, and other leisure activities. The St. Antonius hospital and Park Oudegein are located at the other side of the Zuidstedeweg.
The project underpins the municipality’s “area vision 2040,” which aims to develop 7,500 sustainable houses to address the Dutch housing crisis, supporting the national goal of building 900.000 houses by 2030.
Construction started in January 2022 while building completion is expected for July 2024. Catella was advised by Osborne Clarke on legal, PVM on technical, KPMG on tax & structuring, Savills on commercial, while Brecheisen Makelaars acted as a seller-side broker on this transaction.
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