Savills has advised M&G Real Estate on the acquisition of OurDomain Amsterdam South East from Greystar. The development comprises a total of 1,559 residential units across three buildings, complemented by various commercial spaces and parking facilities. The transaction is one of the largest single-asset transactions in Europe this year.
OurDomain Amsterdam South East is located in Amstel III, next to Amsterdam Holendrecht station. Of the 1,559 residential units, 955 are designated for students and young professionals in Building A, while Building B comprises 339 units and Building C 265 units. The residential offering consists of a mix of social, mid-market and private-sector rental housing. The sustainable complex was completed in 2020 and 2021.
In addition to the residential units, the campus offers a range of shared amenities, including work and study spaces and fitness facilities. Together, the three buildings form an attractive ensemble surrounding a green urban park.
M&G Real Estate is acquiring the complex on behalf of the M&G European Property Fund. Following the transaction, OurDomain Amsterdam South East will become the largest real estate asset in the fund’s portfolio.
Bas Wilberts, Head of Investment at Savills Netherlands:“OurDomain Amsterdam South East is a unique residential asset due to its combination of scale, quality and location. Large-scale investment opportunities of this kind are scarce in the Dutch residential market. The transaction demonstrates that high-quality assets in strong locations remain attractive to institutional investors. We are therefore proud to have advised M&G Real Estate on this landmark acquisition.”
Savills advised M&G Real Estate on the transaction. We would like to thank all parties involved for the successful collaboration.