Round Hill Capital acquires a residential portfolio in the Netherlands with 980 units and a total value of approximately eur 110 million.
UK / Netherlands, 18 May 2016 – Round Hill Capital (“Round Hill”), a leading European specialist real estate investment and asset management firm, announces today that it has acquired a residential portfolio in the Netherlands with a total value of approximately EUR 110 million. The portfolio consists of 980 residential units, has a total floor area of 91,500 sqm. and was acquired from a number of private investors including Grouwels Vastgoed BV.
18 May 2016Round Hill Capital acquires a residential portfolio in the netherlands with 980 units and a total value of approximately eur 110 million.
UK / Netherlands, 18 May 2016 – Round Hill Capital (“Round Hill”), a leading European specialist real estate investment and asset management firm, announces today that it has acquired a residential portfolio in the Netherlands with a total value of approximately EUR 110 million. The portfolio consists of 980 residential units, has a total floor area of 91,500 sqm. and was acquired from a number of private investors including Grouwels Vastgoed BV.
After the financial crisis, Round Hill was the first foreign investor to acquire a substantial portfolio of Dutch residential real estate assets. Round Hill has successfully acquired and managed more than 100,000 residential units across Europe and is one of the largest private landlords in the Netherlands and the Czech Republic.
Legal advisor for the transaction was Loyens & Loeff. The portfolio is financed by ABN AMRO. Grouwels Vastgoed was advised on the sale by Van Dijk en ten Cate Real Estate Agents.
Commenting on the acquisition, Michael Bickford, founder and CEO of Round Hill Capital, said:
“Round Hill has an established and proven track record of successfully investing in and managing residential property across Europe. This acquisition underlines our commitment to the business in the Netherlands, and is in line with our European residential investment strategy. We continue to manage our residential portfolios in a responsible and reliable way, ensuring our tenants benefit from our focus on long term ownership and our professional residential property management expertise and approach.”
Commenting on the acquisition, Piet Bougie, Director Real Estate of Grouwels, said:
“The acquired portfolio consists of residential units located in areas outside of Grouwels Vastgoed’s core investment areas. Grouwels is currently actively negotiating the purchase of other complexes that have a better fit with its current portfolio.”
About Round Hill Capital:
Round Hill Capital is a leading European specialist real estate investment and asset management firm. Round Hill Capital has a long and proven reputation for successfully identifying and acquiring high quality European real estate.
Round Hill Capital is a highly focused investor and is experienced in establishing and running first class operating companies, having successfully acquired and managed more than 100,000 residential units across Europe and currently is one of the largest private landlords in multiple countries.
Round Hill Capital has an established track record of generating high risk adjusted returns and invests and asset manages real estate with some of the world’s leading institutions and private investors.