Daelmans acquires Dutch residential real estate portfolio
Daelmans Real Estate has acquired a large residential portfolio from the Achmea Dutch Residential Fund of Syntrus Achmea Real Estate & Finance.
The portfolio comprises a total of 399 homes, including both single-family and multi-family. The complexes were built between 1970 and 2008 and are spread over 18 different locations in the Netherlands, including Son and Breugel, Beilen, Sneek, Nijverdal and Weert. Over 90% of the complexes have energy rating C or higher. Savills acted as advisor on behalf of the seller.
For Daelmans Real Estate, this acquisition, for more than EUR91 million, represents a substantial expansion of its portfolio, now comprising nearly 3000 units. The Achmea Dutch Residential Fund will use the capital to finance new investments in strong residential markets as well as to further integrate sustainability objectives.
"The purchased houses and apartments are modern, well maintained and are geographically spread across the Netherlands," says Ellen Daelmans (Director Daelmans Real Estate). "The majority are future-proof and have a good energy rating. In addition, the complexes are wholly owned. This offers us plenty of value-add opportunities. At Daelmans we are continuously developing our investment portfolio, with a focus on single-family homes and apartments. This acquisition to our portfolio fits perfectly with our real estate plans."
Ronald Koemans, Associate Director Residential Investment at Savills in the Netherlands, adds: "The start of the marketing process coincided with the announcement of the 'intelligent lockdown'. Despite these unprecedented circumstances, the portfolio attracted considerable interest from both domestic and foreign real estate investors. We are therefore very pleased that we have - once again - been able to run a very smooth transaction between Syntrus Achmea and Daelmans."