CBRE GI boosts European resi holdings with Dutch buy
CBRE Global Investors has acquired a residential portfolio in Amsterdam, The Netherlands, on behalf of a pan European Fund.
The portfolio, which comprises over 140 apartments and commercial units, is partly leased in the private rented sector and partly in the regulated segment. All the dwellings are occupied owing to the strength of demand in Amsterdam.
Built in the 1920s and 1930s, all of the portfolio’s properties are located in or near to the historical centre of Amsterdam.
“The demographic and economic outlook for Amsterdam continues to be strong, with a 1.5% annual population growth and a housing shortage of 10% predicted until 2030,” said CBRE GI’s residential transaction manager Alexander Tiel.
CBRE Global Investors has €8.2 billion residential assets under management across Germany, Netherlands, UK, France and Spain. The firm invested €1.8 billion in the sector last year.
