and have invested in the sector, teaming up with local asset managers.
said it agreed a joint venture with Propertize to buy the Woningportefeuille company, a Dutch residential property portfolio, for β¬89m. The 976 units cover 71,300sqm.
Heitman, meanwhile, has bought two residential portfolios in Amsterdam for around β¬76m.
The investment manager is acting on behalf of institutional investors and formed a joint venture with Orange Capital Partners to acquire the assets.
The portfolios include 400 rented residential units and 12 retail units across 24 buildings, with a total area of 28,400sqm.
Heitman said the assets are in supply-constrained sub-markets of the Dutch capital, in βvibrant, infill locationsβ.
Gordon Black, senior managing director and co-head of Europe at Heitman, said the investment capitalised on the βhighly supply-constrained stateβ of the Amsterdam residential market.
βThe market benefits from favourable macro-economic trends,β Black said.
For Round Hill, the deal is its third in the Dutch residential sector.
, the US manager agreed to pay β¬365m for a 3,786-unit residential property portfolio sold by Dutch housing association Wooninvesteringsfonds.
Michael Bickford, founder and chief executive, last month said the Dutch housing market represented an attractive investment opportunity, with a positive fundamental backdrop and stable cashflow.
, Dutch houses recorded their first increase in prices for five years.
