Sale of a portfolio including 178 dwellings

We provided guidance to Thuisvester for the sale of a portfolio that fell outside the housing association's core region. The portfolio was distributed across seven complexes and comprised of approximately 178 dwellings and two commercial spaces spread across the Netherlands.

Our approach

We started by taking stock of the information available on the complexes. We then fully analysed this information, making it understandable and accessible to potential buyers via a digital data room. Interested parties were granted access to this data room after signing a confidentiality agreement.

We approached a broad target group of potential buyers, including fellow housing associations active in this housing market area. During the sales process, the Q&A was made available to the potential buyers through the data room. The Thuisvester sale was required to be concluded in accordance with the sales regulations in the Housing Act. We provided complete guidance to Thuisvester and took on full responsibility for informing the stakeholders as well as the approval process with the Housing Association Authority (Autoriteit Woningcorporaties).

The result

A lot of investors expressed interest in this portfolio, which was ultimately successfully sold to Rubens Capital Partners.
Pierre Hobbelen, director of Thuisvester, commented on the sale:

"This sale enables us to focus on our core municipalities of Oosterhout, Zundert, Rucphen and Geertruidenberg. We will invest the sales proceeds and the reduced management costs in our core activities in these municipalities – providing high-quality, affordable dwellings for lower and middle-income households."

More references