CBRE Investment Management has signed an agreement with the Cartesius consortium comprising MRP and Ballast Nedam Development that will see the development of more than 350 apartments spread over three buildings in Cartesius, Utrecht, in the Netherlands.
The apartments are part of phase 2 of the Cartesius development, a sustainable new city district. The construction of 56 apartments, part of the Nicoya sub-area, will begin this summer with a total of 242 homes.
Developments in the Loma Linda sub-areas and the apartment complex above the CAB building at the district’s centre will follow later. This building will provide 246 apartments for private rental that are directly connected to Cartesius Park, an open green oasis in the middle of the district, and the Green Loop around Cartesius. At least 30% of the district will be green open space, promoting climate adaptation and biodiversity.
Paul Oremus, country manager & manager of Dutch Funds at CBRE Investment Management, commented: 'This acquisition in Cartesius, Utrecht, fits with the strategy of our Dutch housing platform, which focuses on investing in sustainable, healthy living and working environments. We are pleased to be part of this development and the designs fit with what we stand for; high-quality and sustainable homes in healthy and social environments.'
The first building to be delivered in phase 2, offering 56 apartments within the Nicoya sub-area, has been developed by the consortium and was designed by Paul de Ruiter Architects. It will be constructed by Ballast Nedam West.
Bart Meijer, CEO of MRP, said: 'We are delighted to partner with CBRE Investment Management who share our vision to invest in the sustainable and healthy development of Cartesius in Utrecht. The apartment building on the CAB will be the real star of the show. Building in the existing city is an important role to keep the city current and the facilities intact.'
The Cartesius district will have a mix of different housing types so that everyone can find a suitable home at every stage of life within the district. Phase 2-5, with more than 2,600 homes, is being developed by MRP and Ballast Nedam Development.
