Investors from Dubai to Dallas are eyeing the residential portfolio of Dutch housing corporation Vestia, according to a report in Dutch financial daily FD.
Investors from Dubai to Dallas are eyeing the residential portfolio of Dutch housing corporation Vestia, according to a report in Dutch financial daily FD.
The Dutch housing corporation, which collapsed following financial mismanagement and a string of scandals, has a portfolio of 6,600 residential units. The sale is expected to generate several hundred of millions of euros.
Dutch housing minister Stef Blok is seeking to inject more private-sector equity into the Dutch housing sector as part of a broader campaign to make housing corporations refocus on their core task: providing housing for lower incomes. Part of the portfolio that Vestia is selling comprises more expensive free-sector rental units.
According to CBRE, interested buyers in the Vestia portfolio include Anglo-Saxon private equity players, German fund managers and Middle Eastern investors.
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