CBRE Investment Management to create more than 350 apartments in the Netherlands

CBRE Investment Management has signed an agreement with the Cartesius consortium (MRP and Ballast Nedam Development) that will see the development of more than 350 apartments spread over three buildings in the Netherlands.

The apartments are part of phase 2 of the Cartesius development — a diverse, sustainable, and healthy new city district in Utrecht, Netherlands. The construction of 56 apartments, part of the Nicoya sub-area, will begin this summer with a total of 242 homes. Developments in the Loma Linda sub-areas and the apartment complex above the CAB building at the district’s center will follow later. It will provide 246 apartments for private rental that are directly connected to Cartesius Park, an open green oasis in the middle of the district, and the Green Loop around Cartesius. At least 30 percent of the district will be gr