Real estate investor Daelmans Vastgoed has purchased a sizeable residential portfolio from Syntrus Achmea Real Estate & Finance, acting on behalf of one of its clients, for €51.2 million.
The deal comprises a total of 212 units, spread over 11 locations in the Netherlands. 172 of these are single-family homes and 40 are multi-family homes, most of which were built between 1980 and 1997.
Ellen Daelmans, Director of Daelmans Vastgoed, says: “At Daelmans we are always looking for new opportunities to acquire houses and apartments with which we can enrich our investment portfolio. With this acquisition we are further expanding our strong position in the Dutch private rental market.”
Ronald Koemans, Associate Director Residential Investments at Savills in the Netherlands, says: “This portfolio attracted great interest from domestic and foreign investors, partly driven by the announced increase in transfer tax in the Netherlands from 2021. For the time being, the housing market appears to be resilient to external factors such as Covid-19 and we expect that, if the supply side also remains stable, 2021 can be another important year for the residential investment market.”
Savills advised Syntrus Achmea Real Estate & Finance during the sale. In addition, Hofstede provided environmental advice and Core Notariaat legal advice.