Vesteda

With 23,000 residential units, Vesteda is the largest independent residential fund in the Netherlands, focusing on mid-rental residential real estate in economically strong regions

Vesteda signed a new 5 year €600m revolving credit facility with a syndicate of five banks
As a result, Vesteda extends its average maturity of available credit lines, decreases its average cost of debt and reduces the cost on undrawn commitments due to lower margin
Kempen & Co acted as financial adviser in this transaction