Amsterdam
CBRE Global Investors Acquires Prime Residential Portfolio in Amsterdam
07 Jan 2021
Corporate Communications Director
Helen Stott
Corporate Communications Director
CBRE Global Investors, on behalf of a pan European Fund, has acquired a residential portfolio in Amsterdam, The Netherlands.
The portfolio comprises over 140 apartments and commercial units. The apartments are partly leased out in the private rental sector and partly leased out in the regulated segment. All dwellings have full occupancy due to the high demand for residential property in Amsterdam.
Composed of pre-war buildings dating back to the 1920s and the 1930s, all properties within the portfolio are located in or near the historical center of Amsterdam, the strongest residential location in the Netherlands. They are also all within walking distance of public transport facilities and amenities including shopping centers, schools and bars.
Alexander Tiel, Transaction Manager Residential, CBRE Global Investors, said: “This is a great opportunity to acquire a high-quality residential portfolio with assets spread across some of the city’s best locations. 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. Our team has a proven track record of executing the investment plan of maximizing and refurbishing historical apartments in Amsterdam and is well suited to unlock the untapped potential within this portfolio.”
CBRE Global Investors is a leading investor in residential with €8.2 billion residential assets under management. The platform has a broad footprint across European residential markets which include Germany, Netherlands, UK, France and Spain.
In 2020, CBRE Global Investors’ residential platform invested c. €1.8 billion into the sector.
About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $114.5 billion in assets under management* as of September 30, 2020. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2019 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.
The portfolio comprises over 140 apartments and commercial units. The apartments are partly leased out in the private rental sector and partly leased out in the regulated segment. All dwellings have full occupancy due to the high demand for residential property in Amsterdam.
Composed of pre-war buildings dating back to the 1920s and the 1930s, all properties within the portfolio are located in or near the historical center of Amsterdam, the strongest residential location in the Netherlands. They are also all within walking distance of public transport facilities and amenities including shopping centers, schools and bars.
Alexander Tiel, Transaction Manager Residential, CBRE Global Investors, said: “This is a great opportunity to acquire a high-quality residential portfolio with assets spread across some of the city’s best locations. 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. Our team has a proven track record of executing the investment plan of maximizing and refurbishing historical apartments in Amsterdam and is well suited to unlock the untapped potential within this portfolio.”
CBRE Global Investors is a leading investor in residential with €8.2 billion residential assets under management. The platform has a broad footprint across European residential markets which include Germany, Netherlands, UK, France and Spain.
In 2020, CBRE Global Investors’ residential platform invested c. €1.8 billion into the sector.
About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $114.5 billion in assets under management* as of September 30, 2020. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2019 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.