Bouwinvest Healthcare Fund buys 61 assisted-living mid-range rental apartments in Katwijk aan Zee

The Bouwinvest Healthcare Fund has acquired 61 fully-leased assisted-living apartments in the mid-range rental segment in the Parledam residential block in the Dutch seaside resort of Katwijk aan Zee. The vendor, DSV Foundation, will continue to provide care services to the residents following the sale.

Built in 2016 and located in the town centre, the Parledam complex offers a common room called "De Reedery" where residents of the apartments, their families and elderly people living nearby can meet. The DSV Foundation will remain the owner of the adjacent Parlevliet complex where its care services are concentrated. The Parledam building provides spacious two- and three-room apartments with a balcony, which are suitable for seniors and other residents in need of care. All of the apartments already have the highest possible energy label and further sustainability initiatives are planned for the coming years.

Erwin Drenth, Director Dutch Healthcare Investments at Bouwinvest, said: “Many healthcare institutions traditionally own their real estate, but this can weigh heavily on their balance sheets. A property sale to a professional real estate investor in combination with a long-term partnership agreement for care services can be an attractive alternative. We are therefore very much looking forward to long-term collaboration with the DSV Foundation, not only because Parledam plays an important role in providing accommodation for seniors in Katwijk, but also because DSV Foundation can now focus on its core task which is providing excellent care.”

Jan de Vries, DSV’S Managing Director for its assisted living unit, added: “We are very pleased to have come to such a good agreement with Bouwinvest which takes the interests of Parledam’s residents into careful consideration. This allows us to continue to offer them the high-quality care they have come to rely on - our core task as a care organisation for the elderly.”