There are 200,000 inhabitants in Groningen, with about 50,000 students; of which 9,000 are from abroad – mainly from Germany. The huge demand for student living in Groningen can currently not be met by the number of apartments or rooms available for rent. The new asset for the separate account is a student housing development close to the city centre. The building complex includes 275 studios on six levels, with a total of 6,427 sqm. The completion of construction is estimated for September 2019.
The Seller – Plegt-Vos-Bouwgroep is at the same time the developer of the building. During the acquisition process the seller was supported by Huizingh Advocaten of Enschede and MWPO, the buyer was assisted by CMS and BOAG. The Asset and Fund Manager Primevest Capital Partners currently has 1.4 billion Euro in assets in-vested in Europe and intends to further extend their activities in the residential sector.
About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.
For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com