Sign up for free newsletter


Netherlands flag

Bouwinvest fund sells 16 Dutch apartment blocks to international institution

Bouwinvest’s Dutch Institutional Residential Fund is to sell 16 apartment blocks with a total of 723 units to an international institution. 

Both parties have agreed not to disclose the financial terms of the transaction.
Allard van Spaandonk, Bouwinvest’s managing director for the Netherlands, says: “The reforms to the rental market and the favourable outlook have increased the appetite of investors for Dutch residential assets, providing us with an excellent opportunity to recycle capital and rebalance the portfolio. As a result of the sale the percentage of regulated rental properties drops to around 15 per cent of the fund’s total assets.”  
The Bouwinvest residential fund’s portfolio comprises approximately 15,000 high-quality rental dwellings in economically strong regions of the Netherlands, most of which are in the liberalised sector of the market and so are not subject to rent controls. The fund targets a total return of six per cent to its investors and its recent acquisitions include investing in developments that will create 1,900 new homes.
Jones Lang LaSalle advised Bouwinvest in this transaction; legal advice came from De Brauw Blackstone Westbroek.

Subscribe to free daily newsletter
from our other sites

Francisco Partners to exit Aesynt

Fri 30/10/2015 - 16:49

Palatine exits Playnation

Tue 22/09/2015 - 16:24

Nexxus III exits Olab investment

Mon 21/09/2015 - 09:40

Investment Risk Manager | Regional Coverage | Asset Manager

Fri, 27 Nov 2015 00:00:00 GMT

Credit Analyst | Corporate Bank | Singapore

Fri, 27 Nov 2015 00:00:00 GMT

Exotic Equity Derivative Trader

Thu, 26 Nov 2015 00:00:00 GMT

2 days 5 hours from now - Hong Kong
2 days 5 hours from now - Boston
2 days 5 hours from now - London
4 days 5 hours from now - London
other gfm publications