CBRE Global Investors has acquired a residential portfolio with 916 rental properties at 23 locations in the Netherlands, of which 95% of the properties have a rental price in the middle segment. The houses were purchased from ‘Stichting De Samenwerking’, Pensioenfonds voor het Slagersbedrijf. All units in the portfolio have a green energy label, 82% of the units are located in the economic growth centres of the Randstad. Two-thirds of the units are single-family homes and three apartment buildings are new-build developments.
The houses and apartments are on average 15 years old, 80% have energy label A, and there are no houses with an energy label below C-level. With an average rent of €950 per month, the portfolio fits in well with the high demand for rental properties in the middle segment. Larger complexes in the portfolio include 135 units in the new Campus Yours recently developed project in Leiden, 182 sustainable single-family homes in Soest and 85 single-family homes in Baarn. The purchase price was not disclosed.
Paul Oremus, Country Manager CBRE Global Investors Netherlands, said: “The portfolio includes high-quality and affordable homes that meet the current housing demand. The young and sustainable character of the portfolio ensures that the objects retain their value in the long term. The choice of Pensioenfonds voor het Slagersbedrijf to select us as a buyer, but certainly also to select the CBRE Dutch Residential Fund for their investment, also underlines the quality and performance of our fund. We welcome the ‘Pensioenfonds voor het Slagersbedrijf’ as a shareholder and look forward to the long-term cooperation.”