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Deal News: Acquisition of residential complex in Enschede, Netherlands

Deal News: Acquisition of residential complex in Enschede, Netherlands

News
02 July 2018

Acquisition of residential complex in Enschede, Netherlands

AXA Investment Managers - Real Assets (“AXA IM - Real Assets”) announces that, on behalf of clients, it has completed the acquisition of a residential complex in Enschede, located in the East of the Netherlands.

Built in 2004, the fully let complex has been acquired from ASR Dutch Core Residential Fund and consists of 34 family homes, five apartments and 75 parking spaces. Conveniently located on top of a shopping centre in the city centre, the complex is within walking distance of the central train station. Enschede is a university city with over 150,000 residents and many large employers.

This transaction is an illustration of the investors’ appetite for the Dutch residential market and highlights the executional skills of the local team.

Capital Value advised AXA Investment Managers - Real Assets for this acquisition. ASR Dutch Core Residential Fund was advised by REBObeleggingsmakelaars, part of REBOgroep. 

This document is aimed solely at the media and is for information purposes only. The opinions expressed here are the views of the author and do not constitute investment advice. This is not a recommendation to purchase, sell or subscribe to financial instruments, an offer to sell investment funds or an offer of financial services. This press release is as dated. They do not necessarily represent the views of any company within the AXA Investment Managers Group and may be subject to change without notice. This does not constitute a Financial Promotion as defined by the Financial Conduct Authority. This is for information purposes only. No financial decisions should be made on the basis of the information provided. Past performance is not necessarily representative of future results: performance is not constant over time and the value of investments may fall as well as rise.