Prime Pitch buys residential/care complex in Zevenbergen from Estea

21 april 2022

Real estate invetor Prime Pitch Asset Management has completed the purchase of the residential care complex 'De Westhoek' in Zevenbergen. The apartments are placed in a housing fund with a long-term investment horizon with a mixed investment strategy. The residential care complex was acquired from Estea.

The residential complex comprises 141 residential apartments and consists of 5 building parts. On the ground floor is a generously sized common room. The common areas are operated by Surplus. This care provider offers a complete range of residential care, home care, treatments and well-being. The acquisitions are in line with Prime Pitch's strategy, which focuses on long-term direct rental yields with exposure to the housing markets of medium-sized cities. The emphasis is on rental housing in the affordable and mid-price segment. In addition, Prime Pitch wants to contribute with this purchase to good and affordable housing for care.

Seller Estea was assisted by Horstman Consultants while Prime Pitch was advised by Vanderstelt, Bilt lawyers and Core notary. ING REF provided the financing for this purchase.

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