Berlin-based Catella Residential Investment Management (CRIM) together with the Munich-headquartered AIFM platform Catella Real Estate have acquired a mixed-use residential development in Nijmegen, in the east of the Netherlands, for €80 mln.
The asset has been purchased on behalf of Catella European Residential Fund from developer Living Inn Ontwikkeling B.V.
The complex, which will open in 2023, 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.
Ralph Willems, senior acquisition manager at Catella IM Benelux, said: ‘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.
