MEGADEAL: Heimstaden purchases Dutch residential portfolio from Round Hill
27 maart 2019
Swedish real estate group Heimstaden has bought a residential portfolio in the Netherlands from Round Hill Capital for EUR 1.4 billion. With the acquisition, Heimstaden becomes one of the largest private residential investors in the Netherlands. The portfolio consists of 536 assets with a total of 12,300 lettable units comprised of 9,544 residential units, 77 commercial units, 2,112 parking spaces and 567 other units, such as storage. The transaction is expected to be finalised on 1 May 2019.
Christian Fladeland, CIO of Heimstaden, says: "The Netherlands has been an obvious market for us to enter for some time and following our first acquisition in October 2018, we have been dedicated to sourcing new potential acquisitions. This portfolio offers a unique position for us to obtain significant exposure to a highly favourable residential market with strong macroeconomic fundamentals and significant nationwide undersupply of residential units."
Marijn Snijders, Capital Value: "We are proud that we are advising Heimstaden on the transaction, in close cooperation with Houthoff (legal), Sweco (technical), Immo Finance and JP Morgan". Round Hill Capital was advised by Kempen and Loyens & Loeff on the transaction.
Patrik Hall, CEO of Heimstaden, commented: "This acquisition is an obvious opportunity for Heimstaden to establish a significant footprint in a market with strong fundamentals, which have been on radar for some time now, with benefits of operational economy of scale from day one."
About Heimstaden AB
Heimstaden is one of the largest residential real estate companies in Scandinavia and is active in Sweden, Denmark, Norway, the Netherlands and Germany, among others. In just over ten years, Heimstaden has grown from a relatively small player in the Swedish housing market to one of the largest players in Scandinavia. To Heimstaden website.