Catella Real Estate AG (CREAG), Munich, is acquiring the 12,668 square metresfully let Planetenbaan 20-99 residential property in Maarssen, the Netherlands, for the special fund "Catella Dutch Residential II". The seller is Edelwonen B.V. Member of the Bouwhuis Group, a residential property investor and manager specialising in multifamily homes.
The 12,668 square metres Planetenbaan residential complex consists of three buildings with 8 to 12 floors. The property was originally built as an office complex in 1990 and was lavishly converted into 294 micro flats and studios in 2019. The sizes of the high-quality flats vary between 25 and 52 square metres. The complex is completed by communal and service facilities, such as a sauna, fitness centre, lounge and cafeteria, 84 storage rooms and around 207 parking spaces and 113 garage spaces.
The property, which is categorised with energy level A according to Dutch standards, will be revised at the seller's expense by improving the glazing and roofing and renovating the façade in the coming months. The residents of the fully rented complex can remain in their flats throughout the adaptation process.
Source: catella.com on the 13th of May 2022