Orange Capital Partners sells ca. 1,400 residential units to CBRE Global Investors
Orange Capital Partners (“OCP”), in its partnership with a US Annuity Fund and the Silverfern Group, have sold a portfolio of approximately 1,400 residential units in Amsterdam to CBRE Global Investors. The selling price of the portfolio is in excess of €400mn. The portfolio includes the assets Change= and Delflandplein in Amsterdam West, the residential towers at the Waterlandplein in Noord, and many unique period buildings within the city center of Amsterdam.
Victor van Bommel, pictured, CEO of Orange Capital Partners commented:
“We are very pleased with the result, but equally we are sad that this marks the end of our first partnership. In the past 4 years we have succeeded in building a unique portfolio in Amsterdam through a series of acquisitions. We have significantly improved the overall quality of the portfolio by investing heavily in energy efficiency and modernization. We have succeeded in upgrading a portfolio of period Amsterdam housing in high quality institutional product.”