Rubens Capital Partners acquires Storq housing portfolio
Rubens Capital Partners has purchased the ‘Storq Housing Portfolio’ from Onderlinge ’s-Gravenhage. The portfolio consists of 367 homes, 11 commercial spaces and 38 garages.
The homes – approximately 75% apartments and 25% single-family homes – are spread across 31 locations in The Hague, Voorburg, Rijswijk, Delft and Wassenaar. The portfolio is characterised by its attractive inner-city architecture, full ownership and great locations. The Municipality of The Hague has also granted permits for some of the garages in the portfolio to be converted into residential properties.
CBRE supervised the sale on behalf of Onderlinge 's-Gravenhage, with the involvement of the Capital Markets, Capital Advisors and Development Services departments. Osborne Clarke advised the Seller in this transaction, while Rubens Capital Partners received legal advice from Loyens & Loeff.
About Rubens Capital Partners
Rubens Capital Partners (RCP) is an asset and investment manager based in Amsterdam, with a current management portfolio of €3 billion in assets.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.