Catella acquires Dutch residential development

Berlin-based Catella IM, in collaboration with Catella Investment Management Benelux and Catella Real Estate AG (CREAG), has acquired the Sea Tower residential development in Zoetermeer, Randstad. 

Sea Tower, Zoetermeer

This acquisition, made from Bakkers | Hommen, will be added to the Catella European Residential (CER) portfolio.
The Sea Tower, currently under construction, will be a 70-metre-tall building featuring 150 modern, modularly constructed apartments, totaling approximately 6,600 m2 of rental space. With an average size of 44 m2, the apartments are designed for singles, young professionals, and couples. Residents will have access to about 1,000 m2 of communal amenities, including a roof terrace, fitness room, parcel collection point, and laundry room. The building will also offer limited car parking, extensive bicycle storage with charging stations for e-bikes and scooters, and administrative/letting offices. Completion is anticipated in November 2026.
The development meets the German KfW 55 energy efficiency standard and is connected to the local district heating network, supplemented by a rooftop photovoltaic system. Approximately half of the apartments are barrier-free, and the underground parking is pre-wired for EV charging. The building achieves an A++ energy efficiency rating through the use of photovoltaics, heat pumps, and heat recovery, along with environmentally friendly building materials. Under Dutch law, 132 units will be mid-market rentals, and 18 will be free-market rentals.
Michael Keune, managing director of CIM, said: "With Sea Tower, we are making a targeted investment in a growing and future-oriented city in the Randstad region. The project combines environmental responsibility with social impact – a key requirement of our CER strategy. The modular construction approach not only shortens build times but also reduces costs and emissions. This enables us to offer our investors a modern, energy-efficient residential product that also provides fair rental conditions for future tenants."
Otto Rompelmann, managing director at Catella Investment Management Benelux, commented: "The Sea Tower is an outstanding example of modern Dutch residential architecture. Its sophisticated modular design, architectural elegance and high-quality fittings create a real estate product that is both impressive in terms of urban planning and offers long-term appeal for tenants and investors."
Benjamin Rüther, head of Fund Management Residential at CIM, added: “Zoetermeer is growing steadily, partly due to the housing shortage in The Hague and Rotterdam. Young professionals and singles in particular are seeking well-connected, affordable housing here, a segment that is in short supply in The Hague, located just 13 minutes away by train. The Sea Tower addresses this demand with modern, efficiently designed apartments, adding a sustainable residential product to the CER strategy.”
Zoetermeer, situated east of The Hague within the bustling Randstad region, is a growing city with around 130,000 residents. It benefits from its proximity to Rotterdam and The Hague, offering excellent public transport and road connections. Its central location also provides convenient access to various shopping and dining experiences for future residents.