A Dutch insurance company has given Curlew Alternative Asset Management €150m to invest in student and young professional housing in The Netherlands.
Curlew Netherlands, which annouced the mandate, said the investment objective is to implement a core plus strategy across the 12 academic university cities as well as the cities with the 6 largest universities of applied sciences.
The mandate includes a direct let strategy and all properties will be branded under one recognisable name.
Curlew Netherlands said a seed portfolio is currently being formed and additional assets will be acquired during the investment period to create a portfolio of up to 6 buildings.
The focus is to acquire new purpose built properties and conversions through forward funding or forward purchase.
Marjon Copier, a director at Curlew Netherlands, said: “This mandate demonstrates the strong demand from institutional investors for investing in this ‘alternative’ investment sector.
“Using our specialist expertise, our strategy is to create and manage high quality living environments for young urbans. We are excited about the opportunity to acquire and manage the assets for our partner.”
Curlew Alternative Asset Management is a boutique investment manager specialised in managing assets in alternative niche markets, especially student and young professional housing.