Bouwinvest Real Estate Investment Management’s residential fund has added 583 homes to its portfolio.
The investment manager said it has agreed to buy the assets in the Netherlands from three developers. No financial details were disclosed.
Bouwinvest Residential Fund has acquired 350 free market rental homes to be developed in a regeneration of part of the former Hembrug munitions complex at Zaandam, near Amsterdam.
The fund has also signed an agreement with developer Van Rhijn Bouw to acquire 97 apartments in The Monarch project in Haarlemmermeer, the municipality next to Amsterdam’s Schiphol Airport.
Bouwinvest said it has agreed to buy a portfolio of 136 rental homes to be built by developer VanWonen. The properties are spread across four projects in the cities of Groningen, Apeldoorn and Arnhem, which are in the north and east of the Netherlands.
Bouwinvest said it also acquired the right to first purchase homes in another project and Bouwinvest Development has sold two land positions in Zwolle and Groningen to VanWonen.
Residential Fund is an investment company with variable capital. The residential portfolio has a focus on homes in the mid-rental segment of the residential market.