Heitman invests €150m in Dutch residential sector

US investor Heitman said on Monday that it has invested a total of €150 mln in the Dutch residential sector with the purchase of a 282-unit, luxury senior living residence in Groningen, and a two-building residential portfolio in the Nieuw-West district of Amsterdam.

The senior living residence is located in the heart of Groningen and consists of 208 luxury senior living apartments, 74 specialised care units and a range of amenities including several restaurants and bars, lounge areas, hair and beauty salon, pharmacy, physical therapy centre, gym, general practice, and an indoor swimming pool.

The two-building residential portfolio in Amsterdam was built in 2008 and consists of 196 residential units.

'We are pleased to add this high-quality senior living facility and multi-family asset to our pan-European portfolio,' said Tony Smedley, Heitman's managing director and head of European private equity. 'The living sectors, which include rented apartments, student, and senior housing, represent an attractive combination of stable income and growth for a European or global portfolio.'

The Netherlands is a key market for Heitman, he added. 'We continue to position our portfolios to capture long-term growth at this stage in the cycle. These investments follow a €400 mln strategic portfolio disposition in Amsterdam where we crystallised strong performance for our investors.'


Latest news

Best read stories