Soros fund offloads €180m Dutch resi portfolio

An investment vehicle owned by US billionaire George Soros has sold a Dutch residential portfolio to local investor DM Equity Partners for around €180 mln, PropertyEU can reveal.

The Soros fund, QSP Ess, purchased the portfolio in two transactions - in 2015 and 2016 - from Dutch housing corporation Vivare and two private investors for a total €110 mln. It consists of around 1,100 units which were acquired from an entity registered on the Cayman Islands, according to Dutch Chamber of Commerce information.   

In the first transaction in 2015, the US investor bought around 500 housing units, located across the Netherlands and held in the Dutch Residential Portfolio, from the two private investors for around €53 mln. The 500 units consist of 300 single-family homes and 200 apartments.

A year later the Soros fund acquired 600 units from housing corporation Vivare for between €50 mln and €60 mln. The bulk of the homes in the second transaction are located in the (south)eastern Netherlands.

DM Equity Partners is a private Dutch vehicle that invests in local and European development projects and real estate portfolios, mainly in the residential and leisure sectors.

JLL was reportedly involved in sourcing investment opportunities on behalf of DM Equity Partners.


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