BMB Ontwikkeling & Reggeborgh

Sole Financial Adviser

Kempen acted as Sole Financial Adviser to BMB and Reggeborgh in the sale of a prime residential development to Hines

The project is developed and sold by a consortium consisting of BMB Ontwikkeling, a 100% subsidiary of VolkerWessels, and Reggeborgh Vastgoed
The project consists of 208 rental apartments, 118 parking places, c.1,600sqm office space and c.800sqm commercial space
The development is sold to Hines European Core Fund in a forward funded deal structure
Kempen structured a competitive auction process reaching out to more than 300 investors, gaining significant traction with a diverse group of national and international investors for this unique high-quality project
Construction has recently started and is expected to be completed in Q4 2022
Kempen acted as sole financial adviser on the sale

About the consortium

BMB ontwikkeling, a 100% subsidiary of VolkerWessels, specialised in the development of inner-city real estate, mainly focused on Greater Amsterdam
Reggeborgh Vastgoed is part of the Reggeborgh Group, a family-owned investment company. Its real estate activities mainly focus on the Netherlands, Germany and Canada
VolkerWessels, one of the largest construction companies in the Netherlands and publicly listed on Euronext Amsterdam

Kempen advised on more than €125 billion of real estate transactions across Europe
Following the successful sale of the EUR 1.4 billion Vermeer portfolio in 2019 and the acquisition of NN Group’s EUR 1.5 billion Dutch residential portfolio for Vesteda in 2018, this transaction underpins our leading position in the Dutch real estate sector