Dutch asset manager Syntrus Achmea Real Estate & Finance has sold a portfolio of 278 residential units to investment fund Woonhave.
Financial details were not disclosed, but according to data filed with the Dutch land registry, Woonhave paid €69 mln for the portfolio.
The portfolio comprises 126 single-family homes across 11 schemes and 152 multi-family homes across four complexes, mostly located in the southern Netherlands. Most of the homes were built after 2000 and nearly all are in the mid-rental segment.
Capital Value advised Syntrus Achmea on the transaction, while JLL acted for the buyer. Loyens & Loeff acted on the legal side for the vendor while law firm Houthoff represented the buyer.
Kees van Harten, director of Capital Value, said the ‘exceptional’ quality of the portfolio and high concentration of homes in the Randstad urban area had drawn strong interest from both domestic and international investors.
Woonhave is a joint venture between international pension fund investor Aevitas Property Partners and Dutch fund investors focused on rental housing in the Netherlands.
News of the transaction coincided with a report by PropertyEU on Monday that US asset manager Round Hill Capital has put its entire Dutch residential portfolio (10,000 units) up for sale with an estimated price tag of at least €1.4 bn.
