UK-based asset manager Round Hill Capital has sold a residential property portfolio in the Netherlands to Heimstaden AB for €1.4bn (£1.2bn).
The portfolio consists of 536 assets with a total of 12,300 lettable units, comprised of 9,544 homes, 77 commercial units, 2,112 parking spaces and 567 other units, such as storage.
Round Hill Capital established its residential investment and asset management platform in the Netherlands in 2014.
Founder and chief executive Michael Bickford said: “This sale is in line with Round Hill Capital’s strategy of investing in high-quality portfolios and improving the value of the underlying assets by optimising their operational performance. Round Hill Capital’s proven track record and our professional, hands-on residential property management expertise ensures that our tenants benefit from our focus and operational expertise.
“Round Hill Capital remains committed to investing in, developing and managing residential property in the Netherlands in a responsible manner, and we look forward to expanding our presence in the Netherlands and across Europe.”
To send feedback, e-mail anna.ward@egi.co.uk or tweet @annaroxelana or @estatesgazette
