Housing association Servatius sold a residential portfolio of approximately 350 homes to international investor LaSalle Investment Management. It is LaSalle's first residential acquisition on the Dutch market. Capital Value advised Servatius on the sale.
Housing association Servatius sells Dutch residential portfolio to international investor
The Ministry of Internal Affairs has approved the transaction according the so-called MG 2013-2 circulaire (which came effective in October 2013). LaSalle has earlier this year executed its first commercial real estate transactions in the Netherlands. The Dutch investment environment for residential real estate has become recently more and more attractive. David Ironside, international director at LaSalle Investment Management GmbH in Munich (Germany): “We are very happy with this first transaction on the Dutch residential market, in which we have been able to build up a position in short term. We are actively seeking further opportunities and look forward to playing a significant role as a long term investor in Dutch residential property.”
About LaSalle Investment Management
LaSalle Investment Management is one of the world’s leading investment management organizations in real estate. With almost 700 employees in 16 countries, LaSalle Investment Management manages over 50 billion dollars in direct and indirect real estate investments. For more information about this tranactions, please do not hesitate to contact Mr C.A. (Kees) van Harten MRE MRICS.
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