Round Hill Capital, a leading real estate investor, developer and asset manager, together with real estate developer Boelens de Gruyter, acquired the '' Ringpark '' office complex for potential expansion and possibly redevelopment into a significant number of residential properties.
The complex has a total area of 20.049 m2 B.V.O. on a plot of approximately 11,000 m2 and is located in a prime location near the ring A10 in the center of Amsterdam. The complex is located in a 'residential acceleration area' that has been designated by the municipality for potential (re) design to meet the strong and increasing demand for housing in Amsterdam.
This transaction fits in well with the continuous expansion of the Round Hill's development strategy in the Netherlands. In February 2018 Round Hill acquired with Boelens de GRuyter and G & S Vastgoed approx. 4.5 ha (43,000 m2) in the Merwede Canal Zone in Utrecht for the development of a new urban environment.
Over the past four years, Round Hill has set up a successful investment and management platform in the Netherlands. During this period, Round Hill purchased more than 10,000 homes. Throughout Europe, Round Hill has purchased and managed more than 100,000 homes and has a significant and growing development pipeline.
Michael Bickford, founder and CEO of Round Hill Capital about the aquisition:
'' Round Hill has a proven track record when it comes to successful investing in and developing real estate and asset management across Europe. This acquisition will further strengthen our platform in the Netherlands, which remains an important point of attention for our strategy. This complex offers significant asset management capabilities and potential residential redevelopment and we believe that this offers an exceptional opportunity to provide additional housing needed to support the continued population growth in Amsterdam.
Round Hill remains committed to making further (re) development investments in the Netherlands and Europe, while at the same time striving for more investments in residential real estate in line with our existing strategy. ''
Maarten de Gruyter, director of Boelens de Gruyter:
'' The municipality of Amsterdam recognizes the necessity of developing more housing space to meet the sustained supply and demand principles in Amsterdam and this complex is located in a potential densification area where many new homes can be added at only 10 minutes by bike from the city. city center.''