Primevest Capital Partners Lifts AUM to €2.8 Billion With Drive Into Private Investors Market Through Holland Immo Group Acquisition
Pan-European investment manager Primevest Capital Partners has expanded its presence in the private investor market and lifted its assets under management to approximately €2.8 billion through the acquisition of Eindhoven-headquartered Holland Immo Group.
AIFM-regulated Holland Immo Group offers funds specialising in residential properties, healthcare real estate and car parks to both private and institutional investors and has AUM of €0.9 billion across 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: “Holland Immo Group has an outstanding reputation in the Netherlands thanks to the performance of its funds, its strong and loyal client base and an excellent track record that goes back more than two decades. We have very complimentary businesses and through the 30-strong team of Holland Immo Group we will have direct access to established relationships with private investor clients and family offices. This deal also adds a wealth of knowledge to our already experienced team and will further strengthen our capabilities across all areas including acquisitions, asset and risk management and compliance. We have set out a vision to help our clients to provide for their sustainable financial future through investing in the future of our cities by delivering sustainable urban living, improving connectivity, and enabling mobility, and this acquisition will help us to deliver on our ambitions.”
Manfred Kühl, Chief Executive Officer at Holland Immo Group: “Both Primevest and Holland Immo Group are boutique firms specialising in alternative real estate assets that are seeing huge demand from investors and occupiers. As a combined group we can offer a highly professional team, strong fund and asset management expertise and a large acquisition network across these niche markets. We are a great fit in terms of assets under management with portfolios across the residential, healthcare and parking segments, and with Primevest’s focus on institutional investors and our own on private investors and family offices, we are expanding our access to new investor groups.”
The market for real estate investment funds, including alternative asset classes such as car parks and telecommunications infrastructure, has shown steady growth over the last decade. Demand for these funds from private and semi-institutional investors will accelerate further as the population gets structurally older and the need for individuals to manage their own retirement schemes increases. The low interest rate environment is leading to a rotation from government bonds and savings accounts into other asset classes as a rising number of private investors follow the lead of institutional players and look elsewhere for stable income sources for their personal retirement schemes.
Numerous studies show that indirect real estate investments through fund vehicles provide diversification benefits combined with inflation hedging. Greater regulatory protection has helped boost private investors’ confidence and interest in such products and the growth of online services and fintech solutions is also expected to improve access to these specialist vehicles.
Peter Helfrich concluded: “We are seeing significant growth in the private and semi-institutional markets following a growing group of people making their own retirement provisions and are looking for a trusted provider in this market. Primevest Capital Partners, together with Holland Immo Group, can fulfil that need and offers a comprehensive and expanding range of investment opportunities for its clients.”
Peter Helfrich and Gaston Hupkens joined Primevest Capital Partners in August this year as Managing Partner and Head of Operations respectively. The senior management team includes partners Bart Pierik, Hans-Peter Renk and Bas van Dongen. Together with Holland Immo Group the combined team consists of approximately 70 professionals who will continue to operate from offices in Utrecht, Eindhoven and Berlin.
About Primevest Capital Partners Holding B.V.
Primevest Capital Partners Holding B.V. consists of Primevest Capital Partners Nederland B.V., Primevest Capital Partners Deutschland GmbH and Holland Immo Group B.V. The Board of Primevest Holding, comprising Peter Helfrich, Gaston Hupkens and Bart Pierik, is indirectly responsible for the management of both Primevest Capital Partners and Holland Immo Group. Peter Helfrich and Gaston Hupkens will join the board of Holland Immo Group. The total combined volume of the portfolio is approximately €2.8 billion.
About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in investments in innovative real assets. At Primevest Capital Partners, our vision is to future-proof our cities by delivering better urban living, connectivity and mobility as we invest across Europe in contemporary, affordable homes, communication infrastructure and car parks. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the modern needs of metropolitan communities, while enhancing the quality and sustainability of people’s lives. From our offices in Utrecht and Berlin, a team of 40 professionals manage €1.9 billion of assets across six sector-focused funds and two individual institutional mandates.
About Holland Immo Group
Holland Immo Group offers real estate investment funds to private and institutional investors as well as family offices. Founded in 2001 by Manfred and Thomas Kühl, the company has since initiated 54 vehicles with a total investment volume of €1.6 billion. Holland Immo Group invests in Dutch homes, parking garages and German 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 parking garages in Europe. Within the residential segment, the company targets housing for young professionals and residential concepts for seniors including assisting living. It collaborates 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 the portfolio of approximately €0.9 billion in investments.
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