Warburg-HIH Invest Real Estate has set up a new office in Amsterdam to help strengthen its regional presence.
“The Dutch real estate market and particularly the Randstad region are attractive to us in view of the high growth potential and the opportunities for diversification,” Alexander Eggert, the managing director at Warburg-HIH Invest and responsible for product, corporate and fund management, said.
The real estate investment manager’s assets under management in the Benelux is around EUR €411.5m. Of that amount, €380.7m is based in the Netherlands.
Reinoud Plantenga, who was recently appointed managing director of the group’s investments unit in the Benelux countries, will be responsible for the office and its initial team of three employees.
Eggert said, in terms of acquisitions the company is currently focusing on the Randstad region and its office real estate market.
”However, we are also considering investments in other locations like Eindhoven or other real estate asset classes like residential and retail.”
Eggert added that logistics sites, especially around the Dutch-German border are also of interest.
Frank Kindermann, a board at HIH Real Estate and head of asset management, said: “Thanks to our regional presence, we are securing access to attractive projects, are in closer proximity to our properties and can therefore ensure the best possible service for our institutional clients.
“In this regard, the opening of the office in Amsterdam represents another key step in the systematic implementation of our corporate strategy.”