Deal News: Acquisition of residential complex in Enschede, Netherlands
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.
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