Vesteda acquires €1.5bn Dutch resi portfolio

Vesteda acquires €1.5bn Dutch resi portfolio

NN Group has reached a final agreement with Dutch residential real estate investor Vesteda regarding the sale of a Dutch residential real estate portfolio for a total consideration of c. €1.5bn. The transaction is expected to be completed by the end of June 2018.

 

The portfolio comprises 5,983 existing residential units and 794 units in development projects and is a part of the former residential real estate portfolio of Delta Lloyd. The purchase price will be paid approximately 75% in participation rights in the Vesteda fund and 25% in cash.

 

NN Group is an international financial services company, active in 18 countries, with a strong presence in a number of European countries and Japan. With all our employees, the group provides retirement services, pensions, insurance, investments and banking to approximately 17 million customers. 

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