Warburg-HIH Invest Real Estate (Warburg-HIH Invest) is continuing with its pan-European investment strategy and will open a new office in Amsterdam. Warburg-HIH Invest currently has real estate assets under management of some €411.5 million in Benelux, of which €380.7 million is based in the Netherlands. “The Dutch real estate market and particularly the Randstad region are attractive to us in view of the high growth potential and the opportunities for diversification,” said Alexander Eggert, Managing Director at Warburg-HIH Invest and responsible for Product, Corporate and Fund Management. “In terms of acquisitions we are currently focusing on the Randstad region and its office real estate market. However, we are also considering investments in other locations like Eindhoven or other real estate asset classes like residential and retail.” He added that logistics sites, especially around the Dutch-German border are also of interest.
“Thanks to our regional presence, we are securing access to attractive projects, are in closer proximity to our properties and can therefore ensure the best possible service for our institutional clients,” said Frank Kindermann, Member of the Board at HIH Real Estate and Head of Asset Management. “In this regard, the opening of the office in Amsterdam represents another key step in the systematic implementation of our corporate strategy.”
Reinoud Plantenga (MRICS) will be responsible for the office and its initial team of three employees. Plantenga has more than 17 years’ experience in the real estate market, especially in commercial transactions and asset management. He most recently worked for Triuva (formerly IVG), where, as Director he was in charge of Investment Management with a total transaction volume of €1.8 billion and a portfolio of 43 properties representing assets under management of €750 million. “With Reinoud Plantenga, we are gaining an experienced real estate expert who is highly familiar with the Benelux property market,” commented Andreas Schultz, Managing Director at Warburg-HIH Invest responsible for Transaction Management International. “He is the ideal manager for our new office thanks to his expertise in transaction and asset management.”