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2021-11-15 10:11 CET, Europe, Germany | Property Investment Management | Press release

Catella IM Benelux buys Dutch residential property in Voorburg for €35 mln for Catella European Residential Fund III

Catella Investment Management Benelux (CIMB) has acquired Nieuw Park Leeuwensteijn, an existing apartment complex in Voorburg, a suburb of The Hague, for €35 million for the Catella European Residential Fund III (CER III). CER III is managed by Catella Residential Investment Management GmbH (CRIM).

The property is located on the Johan David Zocherstraat and comprises 84 apartments in four residential towers. The surrounding neighbourhood is characterised by spaciously laid-out and highly sought-after 1930’s and 1950’s-style properties. Towers I and II consist of 28 rental apartments and 32 parking bays, plus 28 owner-occupied apartments and parking spaces. Towers III and IV consist of 56 rental apartments and 57 rental parking places. The units are relatively spacious, ranging in size from 94 to 150 sqm, with two to four bedrooms each. All the apartments are orientated to the sunny side and have large outdoor spaces.

Jac Huijsmans, Senior Acquisition Manager at Catella IM Benelux: “The residential market in the Netherlands and the Haaglanden region suffers from a severe lack of residential homes and faces strong demand for quality accommodation. Long-term investors, such as Catella, help alleviate these problems by financing and acquiring properties like this standing investment in Voorburg, which will offer modern, comfortable homes to a wide range of tenants. Located just outside The Hague and close to the motorway, this property offers competitively priced accommodation, especially compared to the more expensive rental apartments common in larger, nearby cities.”

The complex was built in 2005 and is very well connected to public transport with an underground tram stop on its doorstep. Parks, sports facilities and convenience amenities are also just a five-minute walk away while “The Mall of the Netherlands” is a five-minute drive by car. Most of the apartments already have a high energy rating, but Catella IM Benelux aims to improve the assets’ sustainability credentials further in future as a contribution to its ESG goals.

Voorburg is located in Zuid-Holland, within the Rotterdam - The Hague Metropolitan area with more than 2.4 million inhabitants. The Leidschendam-Voorburg municipality is home to over 75,000 residents and is one of the top suburbs in The Hague as measured by attractiveness, amenities and location. The residential property lies on the border of Voorburg and Leidschendam, near Leidschendam’s town centre, above the N14, an underground dual carriageway.

CMS and Resi advised Catella on the transaction while PVM carried out the technical and sustainable due diligence.


About Catella IM Benelux 

Catella Investment Management Benelux (CIMB) is part of the Catella group, a leading specialist in property investments and fund management with operation in 13 European countries and approximately 550 employees, including approximately 25 employees in the Benelux. The group manages assets of approximately €11 billion (June 2021). Catella is listed on Nasdaq Stockholm in the Mid Cap segment.

CIMB is the local office that offers fund, acquisition and asset management for all Catella-managed funds with an allocation to the Benelux region. CIMB has a broad real estate portfolio with some 75% invested in residential property and the balance in commercial assets. CIMB currently has about €1.5 billion in assets under management in the Benelux and is anticipating investing some €600 million per annum in these markets over the next few years.

CIMB is a member of the Catella European residential network alliance. Catella’s European residential network one of the largest cross-border investment platforms for residential real estate in Europe with total assets under management of more than €5 billion.

About Catella Residential Investment Management GmbH (CRIM) 

Catella launched its first European residential fund in 2007 with a volume of €1.6 billion and it has since achieved an average net return for investors of more than 9.0% per year until the end of Q2 2021. The team also launched the first dedicated European Student Housing Fund in 2013.  

CRIM is a subsidiary of the Stockholm-based Catella AB Group and its residential real estate business comprises portfolio management, acquisitions, sales and asset management. CRIM manages and advises several funds and mandates and has assets under management of more than €5.0 billion across 10 European countries. 

For more information, please contact:

Lisette van der Ham 
Head of PR & Corporate Communications 
Catella Residential Investment Management GmbH  
Upper West, Kantstraße 164, 10623 Berlin 
M: +31 (0)6 83200561 
E: lisette.vanderham@catella-residential.com 
W: https://www.catella.com/residentialfunds