Bridges Real Estate sells portfolio in The Hague
Bridges Real Estate sells its ‘Voyage’ portfolio in The Hague. The real estate company owned by the Vermaat family has sold the portfolio to CAPITALISERS, for its ‘CASA The Hague’ real estate investment fund.
The portfolio
In 2016 and 2017, Bridges Real Estate purchased and merged two extraordinary portfolios in The Hague. Voyage is a collection of 22 exceptional buildings, most of which are located in the historic city centre. The portfolio consists of 138 lettable units, including 112 apartments, 20 commercial units and 6 parking spaces. The commercial units have all been let.
Unique and listed
The buildings each have their own story and history, bolstered by their authentic character and unique architecture. This includes original details such as ornaments, stained glass windows and high ceilings, making each and every one entirely unique. A rare feature is that all buildings are located on freehold land.
Investment quality
The portfolio’s technical quality is excellent. The homes have been carefully assessed during each change in rent and were renovated or refurbished when necessary. The architectural design has always been taken into account and any authentic details have been preserved or carefully restored.
Vision for the future
The sale of Voyage fits in perfectly with the strategy of Bridges Real Estate, which has invested a significant amount in the portfolio in recent years. “We have added a lot of value and have optimised the buildings. As an enterprising real estate company we are constantly evolving. This sale helps us focus on the city of Utrecht and its surrounding areas, as we are mainly active there. As a team we are really looking forward to expanding our position here and to continue the development of our amazing business,” said Martijn Bremmer, director of Bridges Real Estate.
Buyer
The buyer is CAPITALISERS, initiator and manager of real estate investment funds, located in ‘s-Hertogenbosch. The portfolio has been placed in the company’s ‘CASA The Hague’ fund, which belongs to a private group of investors. Maud Goesten, CEO of CAPITALISERS: “We are very proud of these Hofstad gems. With the structuring of this investment fund, we are able to offer our investors a nice and stable cash-flow return-on-investment with an investment that is sure to retain its value.”
In the sale, Bridges Real Estate was advised by CBRE, Core Notariaat and Dress & Sommer. In the purchase, CAPITALISERS was advised by Hemwoord, FMLaw and Taylor Wessing.
About Bridges Real Estate
Bridges Real Estate is a real estate firm owned by the Vermaat family. Although the company was founded in 2016, the family has been active in real estate for many decades. Bridges Real Estate operates from the vision that real estate is more than brick and mortar for residents and visitors. Paul Vermaat: “Real estate
is a place where goals are realised and dreams come true. Our goal is to create and manage desired places, now and in the future.
Over CBRE
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, 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 websites at www.cbre.nl and www.cbre.com.