Vesteda acquires 73 new mid-segment rental homes in Veenendaal and Oosterhout

Residential investor Vesteda has signed two turnkey contracts for 34 apartments in Veenendaal and 39 family houses in Oosterhout. Vesteda acquired the homes in Veenendaal from property developer Frank van Woerden Vastgoed BV, and acquired the homes in Oosterhout from a well-known construction company in the province of Brabant. Construction on the two projects is set to start in June and September 2019 respectively. Delivery is expected in the second half of 2020.

The apartments are being built close to the centre of Veenendaal and will have an average floor surface of 92m². The family houses will be built in the Slotjes Midden neighbourhood of Oosterhout and will have an average floor surface of 124m². All the homes will be sustainable and will be heated without the use of natural gas.

Pieter Knauff, director of Acquisitions at Vesteda: “We are very pleased to add both of these projects to our portfolio and they will help us meet the strong demand for rental homes for middle-income households. The spacious homes in Veenendaal will be within walking distance of the centre of Veenendaal and the Dutch Rail NS station Veenendaal Centrum. Oosterhout, which is located between Breda and Tilburg, offers ready access to the A27 and A59 motorways. The family houses in the project will be part of an existing residential area, complete with amenities, which is currently undergoing large-scale revitalisation.”

Frank van Woerden, director at Van Woerden Vastgoed BV: “Our in-house design team, which included our own architect and modeller, used Building Information Modelling (BIM) to develop and analyse the design of the residential complex. Thanks to the fact that we have put together a project team that includes all disciplines, quality will be safeguarded throughout the (construction) process and end users will have a high-quality building that meets their wishes and requirements.”

About Vesteda

Vesteda is a Dutch residential investor that focuses primarily on the mid-rental segment. Vesteda invests funds for institutional investors, such as pension funds and insurers. At the end of 2018, Vesteda had total capital of €7.3 billion invested in Dutch residential real estate. The company’s rental portfolio stands at a total of approximately 28,000 residential units. Vesteda’s homes are mainly located in economically strong regions and core urban regions.