Reshape Properties sells 31 homes in Utrecht to CBRE Global Investors
Reshape Properties has sold the Schönberglaan residential project to CBRE Global Investors. The new development consists of 31 apartments and a semi-underground car park. The private sector rental homes will be included in the CBRE Dutch Residential Fund. Construction is expected to commence in January 2019.
Sven Mathijssen, partner at ReShape Properties: We believe that the new building’s architectural design is a perfect fit for the current transformation and qualitative upgrade of the Welgelegen park area.
These top-quality new-build apartments are located in a popular and green former business park and soon-to-be small residential area adjacent to the highly sought-after area of Oog in Al. The lush green environment is characteristic for this neighbourhood, located only a short bike ride from the city centre of Utrecht. Utrecht Central Station is also only 5 minutes away.
The small apartment complex has 6 floors with two-bedroom apartments with an average size of 73 sq. m. UA. Each apartment has a private outdoor area and an external storage room. OPL Architects from Utrecht signed the design agreement. The turnkey construction agreement was concluded with housing developer Frank van Woerden Bouw B.V. from Veenendaal, a town near the city of Utrecht. This company specialises in the construction of sustainable homes and apartments. Delivery is expected in the first half of 2020.
CBRE’s Residential Capital Markets team advised Reshape Properties in this transaction.
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 at www.cbre.com.