Amsterdam,
28
August
2019
|
16:57
Europe/Amsterdam

Bridges Real Estate acquires 50 homes and approximately 2,000 sq. m. of retail space in Zeist

Bridges Real Estate (the Vermaat family property investment vehicle) has acquired a mixed-use complex in Zeist. The complex at Vrijheidsplein consists of 50 apartments, approximately 2,000 sq. m. of retail space, and 23 garages. The vendor is a private seller.

The share of the income from the lease of the spaces is approximately 50% residential and 50% retail. The retail spaces are now fully let and occupied by a supermarket and various local businesses.

“The purchase of this complex fits in perfectly with Bridges Real Estate’s strategy. Eventually, we will add value to the complex by focusing on sustainability and any further optimisations of the building. We believe this is the way to ensure a future-proof investment for our portfolio”, explains Martijn Bremmer, director of Bridges Real Estate.

CBRE advised the vendor in the transaction. Bridges Real Estate was commercially represented by TW Real Estate. The vendor received legal advice from Core Notariaat.

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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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 awww.cbre.com.