Rotterdam,
01
December
2020
|
16:13
Europe/Amsterdam

Rubens Capital Partners sells two residential complexes in Rotterdam to ERES REIT

Rubens Capital Partners (RCP) has sold two residential complexes comprising a total of 84 apartments to Canadian investor ERES REIT. The two apartment complexes built in 1994 are located next to each other on Etienne de Bouterstraat and Van Milplaats, near Lage Land shopping centre in Rotterdam. The complexes consist of two-bedroom apartments with decontrolled rents and are fully let.

The location is excellent, immediately next to two supermarkets and with free parking and other facilities. Buyer ERES already owns and manages multiple homes in Rotterdam.

RCP was advised by CBRE and Core Notariaat in the sale. ERES received legal advice from Loyens & Loeff.

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About Rubens Capital Partners

RCP is an independent asset and investment manager based in Amsterdam with approximately €3 billion worth of assets under management in the Netherlands and the United States. RCP mainly invests in homes, offices and retail outlets for institutional investors and family offices.

About ERES REIT

ERES is an open-end real estate investment trust having no legal personality under the laws of the province of Ontario, Canada. The ERES units are listed on the TSX under the ERE.UN symbol. ERES is Canada’s only fully Europe-focused, multi-residential REIT, with a current initial focus on investing in high-quality multi-residential real estate in the Netherlands. ERES’ portfolio has 137 properties, consisting of 5,865 homes and accompanying commercial real estate in the Netherlands. ERES also owns one office complex in Germany and one in Belgium.

ERES has its registered offices at M5e 1W1, Toronto, Ontario, Canada at 11 Church Street, Suite 401.

About CBRE

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, 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 websites at www.cbre.nl and www.cbre.com.