Urban Interest buys 438 Dutch homes from CBRE IM

Dutch investor-developer Urban Interest has acquired a portfolio of 438 residential units and 235 parking spaces spread across the Netherlands.

The units – mostly apartments (96%) and some single-family homes – are located in nine cities and have an average size of 94 m2. The bulk are mid-rental homes.

Urban Interest did not provide financial details or details of the vendor, but information filed with the Dutch land registry indicates the assets were (partly) owned by funds managed by CBRE IM.

The properties are located in The Hague, Rotterdam, Arnhem, Gorinchem, Vlissingen, Dronten, Almelo, Groningen and Den Bosch.

Barbara Westrik, CCO of Urban Interest, said: ‘We are delighted with this purchase. It represents a wonderful enrichment of our portfolio and is fully in line with our objective to further expand our residential portfolio in the coming years with high-quality homes, equipped with good energy labels.’

ING Real Estate financed the transaction.

Urban Interest’s portfolio comprises mainly residential assets (50%), with retail accounting for 35% and offices, leisure and logistics making up the remainder.

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