UK-based asset manager Round Hill Capital has expanded its residential portfolio in the Netherlands with the acquisition of a further 465 homes for around 鈧�45 mln.
UK-based asset manager Round Hill Capital has expanded its residential portfolio in the Netherlands with the acquisition of a further 465 homes for around 鈧�45 mln.
The vendor was Dutch investment bank Staalbankiers.
The assets comprise 80 single-family homes and 385 apartments located across the country.
Van Dijk & Ten Cate Vastgoedadviseurs advised Staalbankiers on the sale. Voorneman Geenen Notarissen advised the bank on the legal side, with Loyens & Loeff acting for Round Hill.
The latest acquisition brings Round Hill鈥檚 investments in the Netherlands to 鈧�680 mln.
The firm entered the Dutch market in June 2014 with the acquisition of a 1,584-unit housing portfolio from CBRE Global Investors for 鈧�180 mln. It followed this up in November with the purchase of a portfolio of 3,786 units from Dutch housing fund WIF for around 鈧�365 mln. In December, it bought a residential portfolio from bad bank Propertize for around 鈧�89 mln.
Founded in 2002, Round Hill Capital is a fully integrated real estate investor and asset manager with offices in the UK, Germany, Luxembourg, the US and the Netherlands. The firm has around 鈧�4.4 bn of European real estate assets under management. It is also active in the German residential market, which it entered in 2007.
