May 2024
Vesteda logo
Sole Financial Adviser
€90 million
Secondary transaction in Vesteda by MN on behalf of Bpf MITT

Vesteda

Sole Financial Adviser

Van Lanschot Kempen acted as Sole Financial Adviser to Vesteda on MN’s €90m investment in Vesteda, on behalf of Bpf MITT

Transaction highlights

  • MN has invested €90 million in Vesteda on behalf of the Dutch pension fund Bedrijfstakpensioenfonds MITT, via a secondary transaction with an existing participant on 30 April
  • MN’s choice for Vesteda underpins Vesteda’s long-term investment strategy in Dutch mid-rental homes
  • This transaction marks Vesteda’s fourth successful secondary transaction and its second transaction with a new investor in the last twelve months
  • Van Lanschot Kempen assisted Vesteda in creating liquidity for their existing participants, and assisted in the due diligence and execution of this transaction 
  • Van Lanschot Kempen acted as sole financial advisor to Vesteda​

About Vesteda

Vesteda is a residential investor and landlord that focuses on sustainable and affordable homes in the mid rental segment. Vesteda invests funds for institutional investors, such as pension funds and insurance companies. The portfolio consists of approximately 28,000 residential units. The homes are mainly located in economically strong regions and core urban areas in the Netherlands.​

Van Lanschot Kempen credentials

  • Van Lanschot Kempen has advised on more than €100 billion in real estate transactions across 15 different countries in Europe in the last 10 years
  • Since 2020 to date, Van Lanschot Kempen advised on more than 110 transactions across different countries, representing a total deal value of over €30 billion in a challenging and unprecedented environment
  • Van Lanschot Kempen has completed well over €2 billion in transactions for Vesteda in the last 10 years, including over €800 million in primary and secondary equity raises, and the €1.5 billion acquisition of the former Delta Lloyd portfolio
  • This transaction underpins our unique position in the Dutch residential real estate sector

Contact

Wieger van Vlodrop Van Lanschot Kempen

Wieger van Vlodrop

Managing Director
European Real Estate

Mail Wieger van Vlodrop