Daelmans Real Estate has acquired a large residential portfolio from the Achmea Dutch Residential Fund of Syntrus Achmea Real Estate & Finance for €91 mln.
The portfolio comprises a total of 399 homes, including both single-family and multi-family. The complexes were built between 1970 and 2008 and are spread over 18 different locations in the Netherlands, including Son and Breugel, Beilen, Sneek, Nijverdal and Weert. Over 90% of the complexes have energy rating C or higher.
‘The start of the marketing process coincided with the announcement of the 'intelligent lockdown'. Despite these unprecedented circumstances, the portfolio attracted considerable interest from both domestic and foreign real estate investors,’ said Ronald Koemans, associate director Residential Investment at Savills in the Netherlands, which acted as advisor on behalf of the seller.
The Achmea Dutch Residential Fund said that it will use the capital to finance new investments in strong residential markets.
The deal further expands Daelmans’s portfolio, now comprising nearly 3000 units.
Ellen Daelmans, director Daelmans Real Estate, said that the acquisition fits perfectly with the company’s residential investment strategy. ‘The purchased houses and apartments are modern, well maintained and are geographically spread across the Netherlands. The majority are future-proof and have a good energy rating. In addition, the complexes are wholly owned. This offers us plenty of value-add opportunities,’ she said.
