AXA IM acquires residential complex in Enschede
2 juli 2018
AXA Investment Managers - Real Assets announces that, on behalf of a German special fund focusing on residential investments, it has completed the acquisition of a € 9.1 million residential complex in Enschede, located in the East of the Netherlands. Capital Value advised AXA IM on the acquisition.
Built in 2004, the fully let complex has been acquired from [ASR Dutch Core Residential Fund] and consists of 34 family homes, five apartments and 75 parking spaces. Conveniently located on top of a shopping centre in the city centre, the complex is within walking distance of the central train station. Enschede is a university city with over 150,000 residents and many large employers.
This transaction, being the second in the Netherlands on behalf of this German special fund, is an illustration of the investors' appetite for the Dutch residential market and highlights the executional skills of the local team.