Heitman sells Amsterdam residential complex

Heitman announced the sale of a two-building, 196 residential unit portfolio located in Amsterdam. Heitman managed and sold the asset, on behalf of an affiliate of the firm, to Catella Investment Management Benelux (CIMB) and Catella Residential Investment Management (CRIM) for an undisclosed price.

Heitman acquired the residential complex off market approximately two years ago and has stabilized the assets, achieving full-occupancy, and implemented value-creation strategies well ahead of the portfolio’s business plan. The portfolio is located in the New West neighborhood of Amsterdam. The buildings are fully let in an area experiencing strong growth, evidenced by the increasing presence of residential housing, shopping, leisure, and educational facilities, which contribute to its attractiveness to families and young professionals.

“During the past several years, we have focused extensively on investing in the Living Sectors across Europe. Our strong market knowled