Pan-European investment manager Primevest Capital Partners has expanded its presence in the private investor market and increased its assets under management to around 2.8 billion euros through the acquisition of the Holland Immo group, headquartered in Eindhoven.
AIFM regulated Holland Immo Group offers funds specialized in residential real estate, healthcare real estate and car park private and institutional investors and has assets under management of 0.9 billion euros through more than 25 real estate funds in the Netherlands, Germany, Italy and Spain. The purchase price was not disclosed.
Peter Helfrich, Managing Partner at Primevest Capital Partners: “The Holland Immo group enjoys an excellent reputation in the Netherlands thanks to the performance of its funds, its solid and loyal clientele and an excellent history of more than two decades. We have very complementary businesses and thanks to the team of 30 people of the Holland Immo group, we will have direct access to the relationships established with private investor clients and family offices. This agreement also adds a wealth of knowledge to our already experienced team and will further strengthen our capabilities in all areas, including acquisitions, asset and risk management and compliance. We have set a vision to help our clients secure their sustainable financial future by investing in the future of our cities by providing sustainable city life, improving connectivity and enabling mobility, and this acquisition will help us achieve our ambitions. . “
Manfred Kühl, Managing Director of Holland Immo Group: “Primevest and Holland Immo Group are both boutique companies specializing in alternative real estate assets that are experiencing high demand from investors and occupants. As a combined group, we can offer a highly professional team, solid expertise in fund and asset management and an extensive acquisition network in these niche markets. We are perfectly suited in terms of assets under management with portfolios covering the residential, healthcare and parking segments, and with Primevest’s focus on institutional investors and ours on private investors and family offices, we are expanding our access to new groups of investors.
The market of real estate investment fund, including alternative asset classes such as parking lots and telecommunications infrastructure, has grown steadily over the past decade. Demand for these funds from private and semi-institutional investors will accelerate further as the population structurally ages and the need for individuals to manage their own pension plans increases. The low interest rate environment is leading to a rotation of government bonds and savings accounts to other asset classes, as a growing number of private investors follow the lead of institutional players and seek elsewhere stable sources of income for their personal retirement plans.
Numerous studies show that indirectly real estate investments fund vehicles offer diversification benefits combined with inflation hedging. Greater regulatory protection has helped to strengthen the confidence and interest of private investors in these products as well as the growth of online services and fintech solutions should also improve access to these specialized vehicles.
Peter Helfrich concluded: “We are seeing significant growth in the private and semi-institutional markets as a result of a growing group of people making their own retirement provisions and looking for a trusted provider in this market. Primevest Capital Partners, together with Holland Immo Group, can meet this need and offer a full and growing range of investment opportunities to its clients.
Peter Helfrich and Gaston Hupkens joined Primevest Capital Partners in August of this year as Managing Partner and Head of Operations respectively. The management team includes partners Bart Pierik, Hans-Peter Renk and Bas van Dongen. Together with Holland Immo Group the combined team consists of around 70 professionals who will continue to operate from offices in Utrecht, Eindhoven and Berlin.
About Primevest Capital Partners Holding BV
Primevest Capital Partners Holding BV consists of Primevest Capital Partners Nederland BV, Primevest Capital Partners Deutschland GmbH and Holland Immo Group BV The board of directors of Primevest Holding, composed of Peter Helfrich, Gaston Hupkens and Bart Pierik, is indirectly responsible for the management of the two Primevest Capital Partners and the Holland Immo group. Peter Helfrich and Gaston Hupkens will join the board of directors of Holland Immo Group. The total combined volume of the portfolio is approximately 2.8 billion euros.
About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique specializing in investments in innovative real estate assets. At Primevest Capital Partners, our vision is to make our cities sustainable by providing better urban life, better connectivity and better mobility as we invest across Europe in contemporary and affordable housing, communication infrastructure and parking. Our investment philosophy and vision are energized by the current trend of urbanization and the ability to meet the modern needs of metropolitan communities, while improving the quality and sustainability of people’s lives. From our offices in Utrecht and Berlin, a team of 40 professionals manages € 1.9 billion in assets through six sector funds and two individual institutional mandates.
About the Holland Immo group
Holland Immo Group offers real estate investment funds to private and institutional investors as well as to family offices. Founded in 2001 by Manfred and Thomas Kühl, the company has since launched 54 vehicles for a total investment volume of 1.6 billion euros. Holland Immo Group invests in Dutch housing, German car parks and convenience stores. Following the sale of a large number of funds to institutional investors between 2016 and 2021, new investment fund strategies have deepened their focus on Dutch housing and car parks in Europe. Within the residential segment, the company targets housing for young workers and residential concepts for seniors, including housing assistance. He works closely with various residential healthcare operators and real estate developers, including Long at Home Investments, a spin-off of Holland Immo Group which develops assisted living concepts and invests in healthcare providers. A team of 30 professionals manages a portfolio of around 0.9 billion euros of investments.