Together with several private investors, STADSVASTGOED has acquired Sipkema’s TOON real estate portfolio through a share transaction.
The portfolio has largely been developed by Sipkema over past decades and has consistently been operated under its own management. Capital Value advised Sipkema throughout the sales process.
The TOON portfolio primarily consists of residential units with associated parking spaces, garage boxes, as well as a number of offices, retail units, and development sites. In total, the portfolio comprises 176 residential units across 11 complexes and approximately 5,000 sqm of commercial space distributed over six assets.
STADSVASTGOED acts as investment and asset manager, with a clear focus on expanding its portfolio in strong inner-city locations across the Rotterdam region. With all disciplines managed in-house, the group maintains control over quality, sustainability, and long-term resilience.
Within the acquired portfolio, various value-add opportunities have been identified to generate additional value through active asset management and targeted optimization. The acquisition underscores the company’s track record in acquiring and further enhancing residential portfolios.
“The acquisition of TOON aligns seamlessly with our existing portfolio and long-term strategy. The focus on residential assets, complemented by a limited commercial component in strong inner-city locations, provides a solid foundation for sustainable value creation,” said Rutger de Vries on behalf of the buyer.
BRiQ’s Capital Markets team acted as advisor to the buyer in the acquisition of the portfolio. Legal counsel was provided by Eversheds, and tax advisory services were delivered by Forvis Mazars.
“Because we were involved at an early stage in the intended sale, we were able to thoroughly analyze the portfolio and strategically position it with the right party. This resulted in an optimal outcome for all stakeholders,” said Wijnand de Ruiter, BRiQ Capital Markets.
With this transaction, BRiQ once again reinforces its position as a strategic advisor in complex real estate transactions and large-scale portfolio acquisitions.