Bouwfonds European Residential fund has expanded its residental portfolio with acquisitions in Germany, the Netherlands and Denmark, growing its total portfolio to EUR 644 million. Total investment volume amounts to EUR 65 million and comprises 15 properties.

In Germany, the fund acquired 7 residential properties in Leipzig from a private seller with in total 71 apartments and 2 commercial units. The investment volume amounts EUR 6.1 million. The acquisitions are the first investments of the fund in Leipzig.

In the Netherlands a portfolio of 5 properties is acquired in the cities of The Hague, Groningen, Tilburg, Woerden and Papendrecht with a total of 199 apartments. The investment volume amounts to EUR 30.8 million and the vendor is CBRE Global Investors. During the acquisition Bouwfonds Investment Management was advised by Colliers International and the seller was represented by Van Dijk & Ten Cate.

In Denmark, the fund acquired 3 properties with a total of 144 apartments from a Danish pension fund in the cities of Roskilde, Hellerup and Glostrup. Total investment volume amounts to EUR 27.8 million. The fund now holds 8 properties in Denmark.

Bouwfonds European Residential Fund
The fund holds properties in Germany, Denmark, France, the Netherlands, Norway and Sweden. The 3-year average return of the fund amounts to 5.06%. The occupancy rate is around 96.3 percent. The Bouwfonds European Residential Fund is a real estate fund under German investment law. It is aimed at institutional investors and affluent private clients with a minimum initial investment of EUR 500,000. The total assets under management currently stands at around EUR 644 million. Residential properties and student accommodation with a volume upwards of EUR 5.0 million are being sought in various locations, including good residential areas in major cities (upwards of 100,000 inhabitants) and prosperous metropolitan regions in Germany, the Netherlands, France, Denmark, Sweden and Norway.