Two Dutch portfolios sold
In two separate deals, two portfolios of residential and retail assets in the Netherlands have been sold.
London-based Round Hill Capital, a fully integrated global real estate investment management firm, and Wooninvesteringsfonds, a Dutch housing association, have signed an agreement for the acquisition by Round Hill of a Dutch residential property portfolio for approximately €365 million ($455.24 million).
The WIF in Zeist was founded in 2005 with the purpose of acquiring homes from housing associations and then selling them at a later stage. However, Dutch housing associations now have several alternatives due to changes in legislation and regulations since WIF was founded.
The WIF portfolio comprises 3,786 units with approximately 3.6 million square feet of leasable area and is situated in attractive markets across the Netherlands.
The transaction marks Round Hill Capital’s second acquisition in the Dutch residential property m