Catella acquires Dutch office-to-resi transformation project in Haarlem for €65m

Catella European Residential III Fund (CER III), a fund managed by Catella Residential Investment Management (CRIM), has acquired the redeveloped Ceylonpoort office tower in Haarlem, near Amsterdam, for €65 million ($65.4 million). The former offices of publisher VNU will be extensively refurbished into a residential tower to meet the requirements of a nearly zero-energy building (NZEB) under the E.U. directive on the sustainable energy performance of real estate. The installation of a geothermal heat pump beneath the property as well as solar panels on the roof will provide most of the energy required by the building and its tenants. Together with a new, more energy-efficient façade, this will result in very low energy bills for residents.

The Ceylonpoort Tower was acquired from developer Wedda, an affiliate of Egeria Real Estate Investment, in partnership with Going Dutch Development, by Maastricht-based Catella Investment Management Benelux (CIMB) on behalf of CER I