German investor purchases 265 rented homes
16 april 2014
First residential investment transaction of 2014 with international buyer
The German investor BNP Paribas REIM Germany recently purchased 265 residential units from Amvest, located in the Dutch towns of Hoofddorp, Almere, Barendrecht and Zoetermeer. The units were acquired for approximately 40 million euros. Capital Value advised Amvest on the sale. This was the first residential investment transaction of 2014 to involve a buyer from outside the Netherlands. A survey conducted by Capital Value among international investors shows that approximately 1 billion euros is available for investment in the Dutch residential rental market in 2014.
"We're currently seeing a massive growth in foreign investor interest in Dutch rental homes", Capital Value Director Marijn Snijders said. "There's been a constant stream of new investors entering the market, and some deals are already at an advanced stage. Players from Germany, Britain and the United States, in particular, are keen to invest in rental homes in the Netherlands. A study presented by Capital Value in January reveals that the Netherlands ranks third as an investment destination for residential rental property. Additional transactions involving foreign investors will be announced in the near future."
The foreign capital looks set to boost the rental market in the mid-level segment, particularly because, in terms of interests, foreign parties are complementary to Dutch private and institutional residential investors, as demonstrated by the study.
Headquartered in Munich, BNP Paribas REIM Germany manages the assets of a number of German pension funds, along with a host of other clients. The fund has over 4.4 billion euros in managed assets and operates in more than 14 countries across Europe and Asia.
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Property Investor Europe, 17 April 2014: BNP Paribas REIM Germany enters Dutch housing for client