Round Hill Capital has formed a partnership with Abu Dhabi sovereign wealth fund Mubadala Investment Company and Canadian investor Ivanhoé Cambridge aimed at increasing their collective participation in the Dutch residential market.
The new partnership will target high quality residential investments with attractive risk adjusted return profiles across the Netherlands, building on a seed portfolio and aiming to at least double the number of homes for rent currently under management.
The partnership said it will target the larger Dutch cities, those with high numbers of young professionals and families currently unable to buy homes because of local supply/demand imbalances.
Second partnership with Mubadala for Round Hill
Round Hill Capital, which will lead operations and will acquire and manage the property, said that the announcement reflects its commitment to the Dutch residential market and builds on the success of an existing joint venture with Mubadala which acquired a portfolio of 821 affordable residential homes-for-rent in city centre locations in 2020.
Round Hill said it has been a significant investor in the Netherlands for seven years and its residential investment, development, asset and property management platform has managed over 16,000 homes. The firm has acquired and managed more than 135,000 residential homes across Europe since 2002.
“The world’s leading institutional investors see the accommodation asset class as highly attractive and a resilient investment opportunity,” Round Hill Capital CEO Michael Bickford said. “Added to that, the Netherlands is a prime location for well-managed, sustainable residential assets.”