Bridges Real Estate acquires 128 apartments in Bilthoven

Bridges Real Estate, controlled by the Vermaat family, has purchased 128 apartments on Spreeuwlaan and Kramsvogellaan in Bilthoven. The homes are in two identical eight-storey blocks with a total area of approximately 10,600 sq. m, each consisting 64 apartments of various sizes: 51, 87 and 106 sq. m.

Excellent amenities and central location

The centre of Bilthoven and shopping district De Kwinkelier are within walking distance of the location, providing residents with a wide choice of local and regional retail, dining and café options.

Bilthoven is located in a largely rural area in the central Netherlands. Its railway station offers fast links with Utrecht and other major cities in the Randstad, whilst the proximity of the A27 and A28 motorways makes it easily accessible by car.

Sustainability and renovation

Bridges Real Estate sees a promising future for the two blocks, making them an excellent addition to its portfolio. “Our ambition is always to add value to real estate,” says Paul Vermaat. “We are currently investigating opportunities to upgrade both blocks to make them more sustainable. For example, by renovating their frontages, walls and lobbies.”

Bridges was assisted commercially in this transaction by TW Real Estate. The vendor, a Dutch institutional investor, was supported by CBRE Capital Markets. Legal guidance was provided by VBC Notarissen.

About Bridges Real Estate

Bridges Real Estate is the real estate vehicle of the Vermaat family. Although it was only established in its current form in 2016, the family has been active in real estate for decades. Its driving vision is that, for residents and visitors, a property is more than just bricks and mortar: “It is a place where goals are achieved and dreams become reality. Our aim is to create and manage desirable properties, now and in the future.”

About CBRE

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.