Round Hill Capital‘s European housing fund has added a two assets in Spain worth €25m to its portfolio.
Round Hill Capital said its European Residential Income Fund II (ERIF II) has acquired two newly developed residential-for-rent assets in Guadalajara and Seville from Neinor Homes, which will continue to manage the assets.
The transaction means the ERIF II has deployed €125m in capital this year and currently owns around 3,400 units in Denmark, Germany, Ireland, Spain, the Netherlands and Finland.
Kirk Lindstrom, CIO of Round Hill Capital and fund manager for ERIF II, said: “The Spanish residential market continues to be characterised by both a shortage of good quality homes for rent, as development pipelines remaining muted, compounding the already acute home ownership affordability challenges.
“With strong demand from professionals and young families for sustainable, well-connected homes in established neighbourhoods in Spain’s high growth conurbations, the sector’s rental growth outlook is very compelling.”
Lindstrom added that the latest deal is the third transaction on behalf of the core/core-plus ERIF II fund in 2025.
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