Investors see promise in the residential housing sec
According to BrickVest, the online property investment platform, the residential housing sector across Europe is set to offer the best real estate investment opportunities over the next 12 months, alongside the logistics and retirement home sectors. Investors are increasingly recognising the opportunities in the residential sector, as evidenced by a number of recent transactions and development completions.
In the Netherlands, CBRE Global Investors has acquired 238 apartments plus commercial and garage parking space in the Boompjes 55–58 residential tower property in Rotterdam. The purchase was made on behalf of the CBRE Dutch Residential Fund and one of the firm’s separate account clients.
The existing office building, of some 12,000 square metres and located on the River Maas, is being redeveloped by First Sponsor Group Ltd and Provast into 344 apartments, commercial space for hospitality and/or other facilities of 1,050 square metres and a 2