Real Estate

Real Estate

The real estate sector is benefiting from economic growth, due to an upward trend in domestic demand and growing global trade. The number of transactions is increasing, ranging from the transformation of existing real estate to more new build developments. Building-related sustainability requirements, changes in designation, dwindling retailer numbers, and vacant offices all necessitate smart solutions. Houthoff’s experienced Real Estate Team comprises over 50 real estate specialists who look beyond the problem. They have the extensive knowledge and experience required to anticipate the changing demand in the sector. Our civil-law notaries play a pivotal role in this. Our Real Estate Team is involved in the largest and most high-profile Dutch and European real estate transactions. Houthoff assists investors, project developers, financial institutions, construction companies, housing corporations and end users with complex real estate transactions and disputes.

  • “One client considers Houthoff‘s real estate practice ‘the best in the Netherlands,‘ highlighting the firm‘s superb bench of qualified civil law notaries and capacity to handle multiple large transactions at the same time. The same client adds: ‘No matter how busy they are, they are always there for us.’”
    Chambers Europe, Real Estate (2019 Edition)
  • “Houthoff understands the construction business and understands the language used by those companies.”
    Chambers Europe, Real Estate (2019 Edition)
  • “The team is described by clients as ‘attentive, highly efficient and commercially aware.’”
    Chambers Europe, Real Estate (2019 Edition)
  • First Tier firm
    Chambers Europe, Real Estate (2019 Edition)
  • “The Houthoff team is ‘very attentive and pragmatic, always reachable, very driven, and with high technical understanding.’”
    Legal 500, Real Estate (2019 Edition)
  • First Tier firm
    Legal 500, Real Estate (2019 Edition)
  • First Tier firm
    Chambers Europe, Real Estate (2018 Edition)
  • "Clients praise the lawyers for their 'very good knowledge and negotiation skills'."
    Chambers Europe, Real Estate (2018 Edition)
  • "Interviewees admire the team's innovative approach. One source adds: 'They put forward strategies and creative solutions in moments where the deal seemed to be heading nowhere'."
    Chambers Europe, Real Estate (2018 Edition)
  • Recommended
    Legal 500, Real Estate (2018 Edition)
  • First Tier firm
    Legal 500, Real Estate (2018 Edition)
  • First Tier firm
    Chambers Europe, Real Estate (2017 Edition)
  • "Clients praise the team's constructive approach to negotiations, highlighting how it 'seeks the common ground and balance between the parties, avoiding confrontation if possible,' but is prepared to take an assertive stance when necessary."
    Chambers Europe, Real Estate (2017 Edition)
  • "Their level of quality is very high and they have a big real estate team."
    Chambers Europe, Real Estate (2017 Edition)
  • First Tier firm
    Legal 500, Real Estate (2017 Edition)

Our expertise on real estate

Efficient legal support is a prerequisite for the sale, purchase, development and redevelopment of large real estate projects. Parties engage our Real Estate Team for advice on complex real estate structures, which our civil-law notaries and lawyers provide practical and innovative solutions for. Complex real estate financing requires legal and tax expertise and a comprehensive knowledge of the national and international real estate market. Our real estate specialists advise financial institutions, real estate funds and investors on refinancing, restructuring, complex real estate auctions and distressed loan portfolios. With the rise of smart cities, we also advise and assist national and international parties investing in sustainable capital, technological communication and smart infrastructure to realise these urban developments.

We combine our extensive sector knowledge with our knowledge of areas such as purchase and sales transactions, tenancy law, leasing, procurement, environmental law, project development, administrative law and real estate financing. Our dedicated Real Estate Team helps players in the national and international real estate sector succeed.

  • Advised a.s.r. real estate on the acquisition – on behalf of ASR Dutch Prime Retail Fund – of a retail portfolio from Phoenix Joint Venture C.V. with a total value of  approximately € 100 million.
  • Advised DELA Vastgoed B.V. on the sale of eight shopping centres to Harbert Management Cooperation (acting on behalf of Harbert European Real Estate Fund V, LP) and Sectie5 Investments for more than EUR 180 million. The transaction concerned the shopping centres 't Loo in Heiloo, Kastelenplein in Eindhoven, Heksenwiel in Breda, Op de Kamp in Landgraaf, Groeneweg in Utrecht, Maaspoort in Den Bosch, Reigerhof in Nieuwerkerk aan den IJssel and Hasselo in Hengelo.
  • Advised DELA Vastgoed B.V. on the sale of the shopping centres 'Kerkelanden' in Hilversum and 'Westerkoog' in Koog aan de Zaan to Syntrus Real Estate & Finance B.V., the latter acting on behalf of the funds Stichting Rabobank Pensioenfonds and Achmea Dutch Retail Property Fund. The transaction was valued at approximately EUR 65 million.
  • Houthoff advised TH Real Estate on the acquisition and financing of a modern logistics complex in Rotterdam (Maasvlakte II). This is the second acquisition for TH Real Estate's European Logistics Fund. The vendor is selling the property in a sale and long-term leaseback transaction. The property comprises two buildings, dating from 2008 and 2016. It has a total lettable area of 39,500 square metres, most of which is laid out for the storage of hazardous goods.
  • Houthoff assisted Heimstaden AB with the indirect acquisition and financing of 9,544 residential units in the Netherlands at a purchase price of EUR 1.4 billion. Through this acquisition, Heimstaden has become the third largest private residential property owner in the Netherlands. This is the largest real estate transaction ever in the Netherlands in terms of the number of housing units.

  • Advised a.s.r. real estate on the acquisition – on behalf of ASR Dutch Prime Retail Fund – of the monumental property Spui 10 in The Hague.

  • Houthoff advised Gramercy Europe Limited on the acquisition of a distribution centre in Helmond. The property comprises approximately 26,874.9 m2 distribution and office space and parking places.

  • Houthoff, jointly with Linklaters LLP, advised the Public Investment Fund (PIF), which, together with Credit Agricole Assurances, Colonoy Northstar, Amundi and others, is acquiring a majority stake in AccorInvest. AccorHotels is selling a 55% stake in AccorInvest for an amount of EUR 4.4 billion. Houthoff advised the Public Investment Fund (PIF) on the Dutch part of the acquisition.

  • Together with the VMRG, the branch organization for facades, Houthoff has developed the very first lease-based agreement whereby the facade of a building remains the property of the facade builders after delivery by way of a right of ground lease. A right of ground lease has not been used in such a way before. This means a breakthrough in the circular facade economy.

  • Houthoff, jointly with Kirkland Ellis LLP, assisted Global Logistic Properties in the acquisition of the European logistics business IDI Gazeley. Global Logistic Properties, a Singapore-listed investor, acquired IDI Gazeley from Brookfield Asset Management, the world's second-largest real estate fund manager. The transaction value amounts to approx USD 2,8 billion.
  • Houthoff advised Hannover Leasing on the acquisition of the property 'The Cloud' in Amsterdam by means of a share deal. The building was redeveloped recently and is leased to Uber, Amazon, Spaces and @Leisure.
  • Houthoff recently advised on the acquisition of the shares in the IEF portfolio by a consortium led by CBRE Global Investors (three institutional investors from the Netherlands, plus CBRE Dutch Retail Fund). IEF is a joint venture formed by Bouwfonds Investment Management and IEF Capital. The portfolio consists of 31 Dutch retail properties (mostly flagship stores), including the well-known Dutch retail chains HEMA and de Bijenkorf.
  • Houthoff advised DELA Vastgoed B.V. regarding the sale of the 'Solit Portfolio' to Lone Star. The Solit Portfolio consists of 73 stores, 4 shopping centres, approx 15,000 m2 of office space, 2 parking garages and 90 residential spaces. The transfer took place on 1 September 2017. The transaction vallue amounts to approx EUR 215 million.
  • Houthoff advised La Salle Investment Management regarding the acquisition of the Bright Offices in Amsterdam. The acquisition took place on behalf of the French pension fund ERAFP, being the first acquisition for ERAFP on the Dutch Real Estate Market.
  • Houthoff advised ASR Dutch Mobility Office Fund (DMOF) on the acquisition of the ABN AMRO office located at Daalsesingel in Utrecht's city centre from PingProperties.
  • Houthoff advised G-Star Raw on the sale (by way of a sale-and-leaseback transaction) of its logistics centre, located in the harbour of Amsterdam, to Delin Capital Management. It concerns a large distribution centre of approx. 37.000 square metres.
  • Houthoff advised Attestor in relation to the acquisition of a substantial (distressed) loan portfolio of one of the Dutch larger banks.
  • Advising and representing Unibail-Rodamco regarding the development of a large shopping mall Leidsenhage (municipality of Leidschendam-Voorburg) and the redevelopment of the Zoetermeer City Centre.
  • Advised Unibail-Rodamco, the world's third-largest real estate investment company with a listing on Euronext Stock Exchange, on the sale of a real estate portfolio consisting of six office buildings located in the Netherlands with a total rental space of circa 59.000 m2 to Valad Europe.
  • CBRE Global Investors (Dutch Office Fund) has started building the new World Trade Center in Utrecht (WTC Utrecht), adjacent to Utrecht train station (Jaarbeursplein). A team from Houthoff advised CBRE Global Investors (Dutch Office Fund) on the land transaction with the municipality of Utrecht.

Publications

Jan Kees Kuiken

Key Contact

Rotterdam
Notaris | Partner
+31 10 217 25 48
+31 6 5182 9976
Herman Lohman

Key Contact

Amsterdam
Notaris | Partner
+31 20 605 61 20
+31 6 2293 4252
Aart Barkey Wolf

Key Contact

Amsterdam
Of Counsel
+31 20 605 61 03
+31 6 5365 4223
Lucas Louwerier

Key Contact

Rotterdam
Notaris | Partner
+31 10 217 29 46
+31 6 1424 7421