Catella Real Estate AG acquires 39 apartments in Oosterhout for “Catella Dutch Residential II” Fund

The Brabantse Stedenrij region is known for its innovative science, technology and engineering industries. For example, Philips, DAF, VDL and ASML are located in the region. Oosterhout has about 56,000 inhabitants and together with Breda about 237,000 inhabitants. Oosterhout has a wide range of recreational opportunities. These include the National Park de Bieschbosch, a beautiful natural area that can be experienced by bicycle or on the water. The region, rich in history, is also a tourist magnet. Oosterhout itself is one of the growth regions. By 2050, the number of households will increase by about 11%.

The property is located 50 meters from the shopping center Arendshof, a covered shopping center of almost 10,000 m². This makes the property and the shopping center easily accessible by bus or car. The property is being rebuilt on the site of the former ABN Amro bank office building. The project includes 39 apartments with a total of 3,157 m² of living space, 39 storage boxes and 39 parking spaces. The size of the apartments varies between 67 and 103 m². Size and equipment of the apartments correspond exactly to the current high demand of our target group, such as young couples or seniors. All apartments will have at least energy label A++.

Juul Reiners, Acquistion Manager at Catella Investment Management Benelux (CIMB), added: “The repositioning of the city centrum Arendshof/Plein district into a mixed-use area will make this location even more attractive. This acquisition offer, sustainable, comfortable, and affordable housing. I am convinced that this is another great deal for the Catella Dutch Residential II Fund”.

Portfolio Manager Axel Bertram sees all fund criteria of Catella Dutch Residential II fulfilled: "In view of an expected structural excess demand, the scarcity of comparable living space and the good location and quality of the building, the project meets or exceeds all requirements of the fund's investment strategy. 25% of the apartments are in the mid-rent segment. Due to the attractive rent level, demand for these apartments will be particularly high."

With the special fund "Catella Dutch Residential II", Catella Real Estate AG initiated the successor fund of the successful "Panta Rhei Dutch Residential Fonds". The open-ended real estate special fund invests primarily in economically strong regions in the Netherlands and to a small extent in Belgium. The focus is on classic residential properties. The investment concept is classified as "core".

About Catella Real Estate AG

Catella Real Estate AG (CREAG), founded in January 2007 and headquartered in Munich, is engaged in the management of real estate investment funds and in providing advice on investing in real estate.

CREAG is a licensed capital management company (KVG) under German investment law (KAGB). The purpose of the company is the conception, development and management of open-ended real estate investment funds based on the expertise and outstanding market position of the Catella Group. CREAG currently manages assets under management of EUR 7.1 billion (as of March 31, 2022) in 19 real estate funds.

The investment offer "Catella Dutch Residential II" presented here is aimed exclusively at professional investors within the meaning of the German Investment Code (Kapitalanlagegesetzbuch, KAGB). It is an entrepreneurial investment with a long-term commitment that is associated with risks. Investors provide the investment company with equity capital that can be consumed by losses. The investment can only be traded to a limited extent. There is a risk that it cannot be sold. Future performance is subject to taxation, which depends on the personal situation of the respective investor and may change in the future. There are further risks which are explained in the information for professional investors pursuant to Section 307 (1) and (2) KAGB; these are available from Catella Real Estate AG, Alter Hof 5, 80331 Munich. 

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