Prime Pitch starts new housing fund with the purchase of 88 homes

Prime Pitch Asset Management has completed the purchase of 88 residential apartments in three transactions. These transactions mark the start of a new residential fund of the asset manager from Amersfoort, the Netherlands. Prime Pitch has acquired an apartment complex in the center of Arnhem, consisting of 53 apartments, 45 parking spaces and a commercial space in the plinth. The seller of the Coehoornstate complex is RVG Invest and the transaction was effected through a share deal. In addition, 35 apartments were acquired in two transactions in Deventer, Apeldoorn, Zutphen, Zwolle, Amersfoort, The Hague and Voorburg. The sellers of this portfolio are two funds managed by Lokin Tamse. 

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Prime Pitch sells Rostock property with retail, offices and healthcare to aik

Prime Pitch Asset Management has sold a mixed-use property complex in Rostock on behalf of one of its closed funds. Buyer is a fund of aik Immobilien Investments. The property is located on the Holzhalbinsel, near the center of the Hanseatic city of Rostock. The property consists of a nursing home ("Pflegeheim"), a retail strip including two supermarkets, an office tower, and a parking garage with 400 spaces. The total lettable area is approximately 16,500 sqm. The property is fully let for a longer period to Edeka, Lidl, Rossmann, Telefonica and Renafan, among others.

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Prime Pitch buys Arnhem apartment complex

Prime Pitch Asset Management has completed the purchase of an apartment complex in Arnhem, The Netherlands, consisting of 40 rental units with low to mid-level rents. The apartment complex is placed in a residential fund with a long-term investment horizon with a core-plus strategy. The multi-family home is located in the district Rijkerswoerd, atop of the recently renovated, district shopping center in Arnhem-South.

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Prime Pitch buys 205 apartments Apeldoorn and Zaandam

Prime Pitch Asset Management has completed the purchase of 205 residential apartments in Apeldoorn and Zaandam, the Netherlands. The apartments are added to a housing fund with a long-term investment horizon with a core-plus strategy. 155 apartments in three residential towers in Apeldoorn were acquired from an investment fund run by Annexum. In addition, 38 apartments in Zaandam and 12 apartments in Apeldoorn were purchased from private investors.

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Prime Pitch buys 149 residences in two transactions

Prime Pitch Asset Management has completed the purchase of 87 residences in the mid-rent segment. A portfolio of multi-family homes in Sittard, Rotterdam and Bussum, as well as single-family homes in Rijen, was acquired from vendor Mulleners Vastgoed in Echt, The Netherlands. This purchase represents an expansion of the portfolio with 62 homes in Zutphen that Prime Pitch acquired from housing association Ieder1, last week. The transactions also include 5 commercial spaces and approximately 85 parking spaces.

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Housing association Ieder1 sells 62 homes in Zutphen to Prime Pitch

Housing association Ieder1 sold 62 homes and four commercial units in Zutphen. The houses are divided over 7 complexes in the historic city centre of Zutphen. The buyer is an investment fund of Prime Pitch Asset Management. Capital Value advised Ieder1 on the sale. Prime Pitch was assisted by Eminent Real Estate. The legal support was provided by the notary office of Houthoff Buruma.

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Prime Pitch acquires nursing home near Munich

 Prime Pitch Asset Management has completed the acquisition of a nursing home with a long-term lease, in the German state of Bavaria. The home in Buch am Erlbach houses 80 senior citizens and is located approximately 60 kilometres north-east of Munich. Prime Pitch realised this purchase on behalf of a single family fund. This is the third nursing home that Prime Pitch acquired in Germany.

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Prime Pitch acquires 95 student units in Breda, The Netherlands

Prime Pitch Asset Management has closed the acquisition of a recently built residential building in the centre of Breda, The Netherlands. The seller is Ontwikkelingscombinatie Donkvaart, a joint venture between local developers Pakhuys Vastgoed and Vers Vastgoed. The building has been designed by Rienks Architects and has been completed in 2015 by contractor Moonen. Prime Pitch has realised this acquisition on behalf of a selected group of professional investors.

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Prime Pitch acquires nursing home Brandenburg, Germany

Prime Pitch Asset Management has completed the purchase of a nursing home in the German city of Brandenburg a/d Havel. The listed property (1879) comprising an area of 7.417 sqm has been renewed internally in 2012 and adapted for its use as a nursing home. Tenant Renafan of Berlin leases 98% of the building for elderly care. A total number of 132 beds is available, allocated to various stages of care. Prime Pitch realised this purchase on behalf of a small group of professional investors.

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Prime Pitch has moved office

We have recently moved from Amsterdam to Amersfoort.
Our new contact details are:
Arnhemseweg 6
3817 CH Amersfoort
The Netherlands
Phone: +31 33 30 33 300
Please adjust your records accordingly.

 

Prime Pitch Asset Management takes over the management of the Ridderduin portfolio

Prime Pitch Asset Management has taken over the management of the Ridderduin portfolio, consisting of shops located in prime retail locations. The portfolio is made up of assets with mostly retail use, with a total area of ​​approximately 3,500 sqm. The stores are generally located on prime locations in smaller to medium-sized towns in the Netherlands. The portfolio also consists of a separate office building.

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MAB Development sells Haarlem Raaks Shopping Area to Generali

MAB Development and Generali Real Estate Investments have signed a sales agreement for the Raaks project in the centre of Haarlem. The agreement involves approximately 12,500 m2 of shops, bars and restaurants and a Pathé cinema complex with six underground movie theatres. The shops will be opened to the public in mid April.

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Prime Pitch Asset Management distributes a newsletter, twice a year. We provide you with an update of the Prime Pitch activities, as well as our vision on the real estate market. If you wish to be updated, you can sign up for this newsletter. This can be easily done through our website: www.primepitch.nl. Unsubscribing is also easy: through the website or via the link in the newsletter itself. We will keep you posted.

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