has bought a Dutch residential real estate portfolio worth β¬110m.
Private investors including Grouwels Vastgoed sold the 91,500sqm portfolio of 980 residential units.
Michael Bickford, founder and chief executive of US-based , said the company was committed to the Netherlands.
Round Hill has been invested in Dutch residential real estate assets since 2014, paying β¬365m for a 3,786-unit portfolio sold by Dutch housing association .
The Dutch residential sector continues to attract global investment, with the door to international investors opened wide.
In an opening keynote address at this yearβs , the cityβs mayor, Eberhard van der Laan, told delegates that rising residential prices were driving people out of the city.
βΐαf we cannot create partnerships with institutions and pension funds, it will be a defeat,β he said.
βWe can only solve the problem if we build in numbers.β
The Dutch residential market, already an established part of local pension fundsβ investment portfolios, has of foreign, cross-border investment managers.
