CASE STUDY
Brocacef, Maarssen (NL)
Overview
In 2023, Waterford Capital Partners acquired the Brocacef site in Maarssen, Netherlands. This project exemplifies Waterford’s “value-add” philosophy, where a clear repositioning strategy is used to transition underutilized commercial assets into their highest and best future use.
The Project at a Glance
Maarssen (NL)
Site Size
Approximately 20,000 sqm. of land.
Asset Type
Existing offices and a logistics facility.
Strategy
Transformation from industrial/commercial use to residential
The Strategy: Unlocking Residential Potential
Strategic Acquisition
Waterford secured the 20,000 sqm. site, which at the time consisted of functional but misaligned office and logistics space.
Municipality Engagement
Waterford developed and presented a comprehensive transformation plan to the local municipality, advocating for a shift to residential use
Consensus Building
The municipality agreed that residential development represented the optimal future use for the location.
Successful Exit
Following the successful repositioning and alignment with local authorities, Waterford sold the project to a specialized developer for execution.
Value Created
This project highlights Waterford’s ability to recognize the untapped potential of a site and navigate the complexities of municipal planning. By securing a change in the intended use of the land, Waterford significantly enhanced the asset’s value before passing the development phase to a residential partner.
Other Case Studies
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Rivium Area Transformation
Rotterdam (NL)
Vormenfabriek Asset Disposal
Tilburg (NL)
Partner with Waterford Capital Partners
Our track record demonstrates our ability to unlock value in complex commercial real estate environments across Europe. Let’s discuss how our expertise in strategic acquisition, repositioning, and lending can support your next project.