Nectar Acquires 56-Unit Residential Care Complex in Enschede With Jones Lang LaSalle Incorporated Advising
AMSTERDAM, Sept. 3, 2026 — Nectar, together with its partners, has acquired a residential care complex on Hortensiastraat in Enschede, the Netherlands, adding 56 apartments to its portfolio in a deal that reflects sustained institutional demand for modern, care-integrated housing. Jones Lang LaSalle Incorporated advised the buyer on the transaction; Capital Value advised the selling party.
Property Details: Two Connected Blocks, 56 Units, Energy Label A+
The complex, delivered in 2016, comprises two connected residential care blocks with a combined lettable area of approximately 3,182 square meters. Of the 56 apartments, 36 are standard residential units and 20 are designated care apartments. The average unit size is approximately 56 square meters. The property also includes 29 parking spaces on a secured parking deck and carries an energy label of A+, placing it among the more energy-efficient residential assets in the Dutch market.
The Hortensiastraat address sits within a corridor in Enschede that has an established care-oriented character, with multiple care-related facilities in the immediate vicinity. The complex's dual-block configuration — combining independent residential apartments with dedicated care units under one roof — reflects a format that has gained traction among Dutch institutional investors seeking assets that can serve both independent seniors and residents requiring higher levels of care.
Strategic Rationale: Demographics and Policy Driving Demand
Nectar cited two structural forces underpinning the acquisition. The first is the ageing of the Dutch population, which is driving long-term demand for housing suited to older residents. The second is the ongoing policy shift known as extramuralisering — the movement of care delivery away from traditional intramural nursing homes and into community-based, home-like settings. That policy trend favors assets that combine independent apartments with on-site or nearby care services, precisely the format Nectar acquired on Hortensiastraat.
The combination of standard and care apartments within a single asset also provides a diversified tenant base, with the care units targeting residents whose longer, more stable tenancies tend to generate predictable cash flow. The 2016 vintage and A+ energy label address a documented shortage of modern, ESG-compliant care-ready product in the Dutch market — a constraint that contributed to a roughly 23% decline in Dutch healthcare real estate transaction volume in the first half of 2026 compared with the same period in 2025, when volume reached approximately €450 million.
Dutch Living and Healthcare Investment Market Context
The Enschede acquisition comes as the Dutch residential investment market continues to account for an outsized share of total commercial real estate activity. Living assets represented approximately 41% of all Dutch real estate investment in the second quarter of 2026, with living investment volume reaching roughly €1.23 billion in that quarter alone. Free-sector rents rose 5.8% in the first half of the year, while the number of rental transactions remained broadly stable, pointing to robust occupier demand against limited available supply.
Within the living sector, care homes have emerged as one of the fastest-growing subsegments across Europe, with care home investment rising sharply on a year-over-year basis as institutional capital — particularly from domestic pension funds — seeks high-quality, operationally resilient assets. The Dutch healthcare real estate segment recorded approximately €347 million in transaction volume in the first half of 2026, a figure constrained in part by the scarcity of new-build and recently completed product that meets current energy and care standards.
The transfer tax on existing residential assets in the Netherlands was reduced from 10.4% to 8% as of Jan. 1, 2026, a change that influenced the timing of some transactions in the broader market during the period.
Advisers
Jones Lang LaSalle Incorporated provided commercial advisory services to Nectar as buyer. Capital Value advised the selling party on the transaction.