Catella Investment Management Benelux acquires, on behalf of Catella European Residential Fund III, the high-quality apartment complex Nieuw Park Leeuwensteijn, located at the Johan David Zocherstraat in Voorburg, from an international investor.
The complex was built in 2005 and is part of the district Sijtwende. The complex consists of four separate apartment buildings. The transaction comprises of 84 luxury private sector apartments and 89 parking spaces in the underground car park. The apartments have an average floor area of 104 sq m with large balconies.
The residential towers are located in a quiet area near the Vliet river with plenty of greenery, shops and an excellent accessibility by car (A4 and A44) and public transport. Both Oosteinde Station and the Randstad rail can be reached within walking distance. The apartment complex was built in the Nieuwe Haagse School style and distinguishes itself by the austere design and the use of bricks.
Ronald Koemans, Associate Director Residential Investments, says: "This transaction demonstrates the continued interest of investors in this asset class, particularly due to the structural tightness of the residential market. The combination of the location – overlooking the Vliet and the Sijtwendepark – and the quality of the apartments, the unique architecture and the parking facilities make the residential towers a comfortable living environment.”
Savills and Loyens & Loeff advised the seller during this transaction. Catella Investment Management Benelux has been advised by Resi and CMS.