Vesteda acquires extra rental homes in Leidsche Rijn Centrum
Vesteda and project developer a.s.r. Vastgoed Projecten have agreed that Vesteda will acquire 189 extra homes in the Leidsche Rijn Centrum project in Utrecht. These are the original owner-occupier apartments of the combination a.s.r. Vastgoed Projecten and Vesteda Project Development.
Vesteda’s acquisition of the additional homes increases the number of rental apartments in Leidsche Rijn Centrum to 440 from the original 251, which will create a better mix of owner-occupier and rental homes in the 10 apartment complexes in the so-called core area of the project. This acquisition also increases the number of buildings with only liberalised sector homes to four from the original two.
Pieter Knauff, director Acquisitions Vesteda: ‘The fact that this project will include more liberalised sector homes is good news for Vesteda, for Leidsche Rijn Centrum and for Utrecht. This acquisition adds attractive homes to Vesteda’s portfolio, the project will have a better mix of owner-occupier and rental homes and we can offer more people the opportunity to rent affordable homes in the very tight Utrecht housing market.’
The sale of the first owner-occupier homes has already got off to a successful start. The first rental homes in the core area of Leidsche Rijn Centrum will be put on the market in mid-2017. As they can with the owner-occupier homes, potential tenants will be able to select and view these rental apartments on the Leidsche Rijn Centrum website (https://leidscherijncentrum.nl). The expectation is that all the homes will have been sold or rented out by the time the shopping centre opens in early 2018.
Vesteda is an investor with a clear focus on the Dutch residential real estate market. Vesteda invests funds for institutional investors, including pension funds and insurers. Vesteda has total capital of approx. €4 billion invested in real estate. The company’s rental portfolio stands at a total of around 22,750 units. Vesteda’s key investment regions are the Randstad and the Brabantine City Row. In 2015, Vesteda generated a net result of €316 million, with approx. 200 employees.