Round Hill Capital has bought a Dutch residential real estate portfolio worth €110m.

Private investors including Grouwels Vastgoed sold the 91,500sqm portfolio of 980 residential units.

Michael Bickford, founder and chief executive of US-based Round Hill, said the company was committed to the Netherlands.

Round Hill has been invested in Dutch residential real estate assets since 2014, paying €365m for a 3,786-unit portfolio sold by Dutch housing association Wooninvesteringsfonds.

The Dutch residential sector continues to attract global investment, with the door to international investors opened wide.

In an opening keynote address at this year’s IPE Real Estate Global Conference & Awards in Amsterdam, the city’s mayor, Eberhard van der Laan, told delegates that rising residential prices were driving people out of the city.

“If we cannot create partnerships with institutions and pension funds, it will be a defeat,” he said.

“We can only solve the problem if we build in numbers.”

The Dutch residential market, already an established part of local pension funds’ investment portfolios, has attracted a new wave of foreign, cross-border investment managers.