German lender Berlin Hyp is providing a loan of €43.7 mln to Heimstaden Bostad to finance the purchase of the Magnum residential portfolio in the Netherlands.
The portfolio comprises 12 residential complexes with approximately 670 residential units distributed across the locations of Alkmaar, Heiloo, Heerhugowaard, Enkhuizen, Venhuizen and Wieringerwerf. The residential units have a total rental area of around 37,200 m2.
The law firms Van Doorne and Loyens & Loeff advised on the transaction process.
