Vesteda acquires 62 apartments in Dordrecht
Vesteda and Van Pelt Groep have signed a purchase agreement for the Paradium residential complex in Dordrecht. Paradium consists of three residential blocks with a total of 62 apartments, 32 of which are new-build homes (2013), together with 30 existing and partly renovated homes.
The complex is located on the Spuiboulevard in the centre of Dordrecht. The two, three and four-room apartments have an average living space of 86 m2, and a balcony or loggia. The building has a beautiful 1,000-m2 roof garden for communal use.
Pieter Knauff, director Acquisitions at Vesteda: “The complex is located in one of the most attractive locations in the heart of the city of Dordrecht, near the station and with good (parking) facilities. These types of apartments are very much in demand. They are finished to a high standard and offer potential in terms of rental and value growth, partly because a number of apartments have not been renovated yet. An excellent addition to our portfolio.”
Vesteda was advised in this transaction by De Mik Bedrijfshuisvesting and Buren Legal. Van Pelt Groep was advised in this transaction by Styn Wery Notaris and Verstegen Accountants.
Vesteda is a residential investor and landlord that focuses on sustainable and affordable homes in the mid rental segment. Vesteda invests funds for institutional investors, such as pension funds and insurance companies. The portfolio consists of nearly 28,000 residential units with a total value of 9 billion euro. The homes are mainly located in economically strong regions and core urban areas in the Netherlands.