QuaWonen sells 55 apartments in Krimpen aan den IJssel

31 August 2016

Krimpen aan den IJssel
Krimpen aan den IJssel

Housing association QuaWonen recently sold 2 complexes consisting of 55 apartments. Both complexes are located in Krimpen aan den IJssel (Zuid-Holland). Complex 'De Meerkoet' consists of 27 apartments and complex 'Vijverstaete III' consists of 28 apartments and 2 commercial spaces. Both complexes offer parking spaces underneath the building. The buyer is Syntrus Achmea Real Estate & Finance, who will add the apartments to the Achmea Dutch Residential Fund. Capital Value advised QuaWonen on the sale. The municipality and the government have approved the transaction.

Managing Director Rob van den Broeke at QuaWonen: “According to the new Housing Act in the Netherlands, housing associations need to focus their activities more on social (regulated) rental dwellings. Non-regulated dwellings are no longer our core activity. This is the reason we decided last year to sell these two complexes. We have very carefully selected a reliable organisation, keeping the wellbeing of our tenants in mind.”

Peter Appeljan, director Residential Investments, Syntrus Achmea RE&F: “This purchase fits our strategy to extend our residential portfolio with non-regulated rental dwellings. The sixty institutional investors we work for have a lot of capital available for these type of dwellings. They consider non-regulated rental dwellings a very good investment.”

Kees van Harten, managing director Capital Value: “We see that a growing number of housing associations are in the process of analysing their portfolios. Especially complexes located outside of their core region or complexes that do not service the need of their target audience (non-SGEI) are being considered for sale. The growing demand for existing rental dwellings from investors can offer good sales opportunities for housing associations at this moment".

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