Catella European Residential III acquires 134 affordable apartments in Dutch city of Zoetermeer for €55 million
Catella European Residential III Fund (CER III) has acquired a residential development project in Zoetermeer, near The Hague for €55 million through a forward-funding transaction. The new-built high-rise in Zoetermeer city centre will offer 134 spacious apartments primarily targeting the substantially underserved affordable mid-range rental sector. The project was acquired by Maastricht-based Catella Investment Management Benelux (CIMB) from developer De Maese on behalf of CER III. CER III is an Impact Fund focusing on environmentally friendly and affordable housing and...