Delta Lloyd, the Amsterdam-based financial services group, has sold a portfolio of 507 homes in the Netherlands to a private investor.
Delta Lloyd, the Amsterdam-based financial services group, has sold a portfolio of 507 homes in the Netherlands to a private investor.
The financial details were not disclosed but PropertyEU Research has estimated the price at around €53 mln.The portfolio comprises 85 single-family homes and 422 multi-family units in Bergen op Zoom, Geldrop, Haarlem and Voorschoten.
Capital Value acted for Delta Lloyd Vastgoed in the transaction, while Loyens & Loeff provided legal expertise.
Kees Korver, senior portfolio manager at Delta Lloyd Vastgoed (Real Estate): 'The sale fits into our strategy to rejuvenate the portfolio over the coming years.'
The transaction confirms that Dutch private investors are still active on the residential market despite the growing competition from international investors. Kees van Harten, managing director Capital Value: 'Research from Capital Value shows that private investors invested for over €750 mln in rental homes in 2014. We expect this group to remain active in 2015 as well.' Capital Value will publish the latest research results in February this year.'
