LaSalle Investment Management has acquired a portfolio of 350 residential units in the Netherlands from housing corporation Servatius.
LaSalle Investment Management has acquired a portfolio of 350 residential units in the Netherlands from housing corporation Servatius.
PropertyEU Research estimates the global investment manager paid between €30 mln and €35 mln for the assets, which are located in the southern Dutch city of Maastricht and the surrounding area.
Capital Value and law firm Loyens & Loeff advised Servatius on the sale, while Fakton Capital and legal firm Allen & Overy acted for the buyer.
Kees van Harten, directeur of Capital Value, said the transaction illustrates the willingness among international investors to buy existing homes from social housing corporations in peripheral locations. ‘We expect this trend to continue in 2015,’ he said.
Read about more Dutch residential transactions in the related articles below and see the article, videos interviews and presentations in our Outlook 2015 section to find out what Dutch and international professionals say are the main trends influencing Dutch real estate.
