Dentons advised Round Hill Capital, a US-based global real estate investor and asset manager, on the acquisition of three residential properties in the Netherlands, in three separate transactions. The acquisitions, with an aggregate value of €52.3 million, were made for Round Hill Capital’s European Residential Income Fund II (ERIF II).
The assets comprise a 5,113 sq.m. residential property in Amsterdam’s metropolitan region Diemen, the 2,613 sq.m. Leaves-complex on Kralendijkkade in Leiden and the 5,220 sq.m. Leyster property in The Hague. The vendors of the first two properties were private investors and the third was an institutional investor.
“Round Hill is a long-standing client of Dentons and we are delighted to support it in growing its portfolio across Europe,” said Evan Z. Lazar, Co-chairman of the Global Real Estate group at Dentons. “The multifamily sector has proven to be COVID-19 resilient and has retained strong fundamentals. In these uncertain times, investors perceive it as one of the most attractive, safe and highly demanded sectors. I am pleased we could assist Round Hill Capital in tapping into this trend.”
The Dentons team working on the transaction consisted of partner Paul Wanders and associate Femke de Wolf. Partner Marcel Janssen and senior associate Jack Schrijver led on the financing aspects, with support from Partner Stéphane Hadet, senior associate Christophe Renaudin and associate Yifan Zhang in Luxembourg. Partner Martin Daverschot and junior associate Bas Legger handled the notarial work on the project.
In 2015, Dentons advised Round Hill on the largest-ever residential acquisition in Central and Eastern Europe – the acquisition of a portfolio of over 43,000 units in the Czech Republic. The Firm also advised on its subsequent sale to Heimstaden Bostad AB last year.
