Heitman, a real estate investment management, has acquired several Dutch properties: a luxury senior living residence in Groningen, The Netherlands; and a two-building residential portfolio located in Amsterdam. The total price of the transactions was about 150 million euros.
London, Dec. 3, 2018 – Heitman LLC (“Heitman”), a global real estate investment management firm, today announced that it has acquired a 282-unit, luxury senior living residence in Groningen, The Netherlands, on behalf of an affiliate of the firm. In addition, Heitman also recently acquired a two-building residential portfolio located in the Nieuw-West district of Amsterdam. The total investment is approximately €150 Million.
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 located in the Nieuw-West district in Amsterdam was acquired in September 2018. The property was built in 2008 and consists of 196 residential units with a mix of two, three, and four bedroom layouts located along the Slotervaart canal in a mixeduse area, which includes housing, shopping, leisure, and educational facilities. The property is well located and benefits from access to public transport that directly connects residents to Amsterdam city centre.
“We are pleased to add this high-quality senior living facility and multi-family asset to our panEuropean portfolio. 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,” said Tony Smedley, Heitman Managing Director and Head of European Private Equity. “The Netherlands remains a key market for us as we continue to position our portfolios to capture longterm growth at this stage in the cycle. These investments follow a €400 million strategic portfolio disposition in Amsterdam where we crystallised strong performance for our investors.”
Founded in 1966, Heitman LLC is a global real estate investment management firm with approximately $43.5 billion in assets under management. Heitman’s real estate investment strategies include direct investments in the equity or debt capitalization of a property or in the securities of listed and publicly traded real estate companies. Heitman serves a global client base with clients from North American, European, Middle Eastern and Asia-Pacific institutions, pension plans, foundations and corporations and individual investors. Headquartered in Chicago, with offices in Los Angeles, London, Luxembourg, Frankfurt, Munich, Warsaw, Hong Kong, Seoul, Tokyo, and Melbourne, Heitman’s more than 325 employees offer specialized expertise – from a specific discipline to local insight.