Round Hill Capital’s European Residential Income Fund II’s EUR 52.3 Million Real Estate Acquisitions

Clifford Chance Amsterdam advised ING Bank NV on the transaction, while Dentons advised Round Hill Capital.

ING Bank NV provided a secured term loan to Round Hill Capital’s European Residential Income Fund II (ERIF II), which completed three multifamily deals in the Netherlands totalling EUR 52.3 million. ERIF II has acquired a total of 12,946 sqm of rental properties in Diemen, Leiden and The Hague.

The deals represent the first transactions for the ERIF II investment fund since it announced its EUR 200 million first close in August 2020. The fund invests in multifamily housing assets with mass market affordability in strong micro-locations that exhibit positive demographic and macroeconomic trends, persisting supply/demand imbalances and strong transport links. ERIF II focuses on the residential markets of the Netherlands, Germany and the Nordics.

The Clifford Chance cross-border team was led by Titus de Vries (Picture) and further consisted of Jasper Dijkshoorn and Isolde Velthuysen in Amsterdam and Marc Mehlen, Audrey Mucciante and Tjasa Perger in Luxembourg.

Dentons advised Round Hill Capital with partner Paul Wanders and associate Femke de Wolf. Partner Marcel Janssen and senior associate Jack Schrijver led on the financing aspects, with support from Partner Stéphane Hadet, senior associate Christophe Renaudin and associate Yifan Zhang in Luxembourg. Partner Martin Daverschot and junior associate Bas Legger handled the notarial work on the project.

Involved fees earner: Titus de Vries – Clifford Chance; Jasper Dijkshoorn – Clifford Chance; Marc Mehlen – Clifford Chance; Audrey Mucciante – Clifford Chance; Martin Daverschot – Dentons; Femke de Wolf – Dentons; Stephane Hadet – Dentons; Marcel Janssen – Dentons; Bas Legger – Dentons; Christophe Renaudin – Dentons; Jack Schrijver – Dentons; Paul Wanders – Dentons; Yifan Zhang – Dentons;

Law Firms: Clifford Chance; Dentons;

Clients: ING Bank; Round Hill Capital;