Orange Capital Partners has bought a Dutch retail property portfolio for €150.9m.

Most of the 16 assets are spread across the Randstad region of the Netherlands.

Casper Vernooij, partner at Orange Capital Partners, said: “The portfolio comprises of predominantly convenience retail assets which is at the heart of our strategy.

“The acquisition further adds to our existing portfolio in the Netherlands. We will use our expertise and local knowledge to invest in these assets and make them more attractive to both retailers and local consumers.”

The 84,682sqm portfolio is let to tenants including supermarket chains Ahold, Jumbo, Lidl and Hoogvliet.

Orange Capital Partners, founded in 2014 as a joint venture partner for international pension funds, investment banks and family offices, said it now owns 28 assets.

As well as retail, the company has also invested in Dutch residential properties.