
ERES agrees to sell three Dutch properties for ~âŽ68âŊmillion
âĒBy ADMIN
Related Stocks:EREUF
European Residential Real Estate Investment Trust (ERES) announced on NovemberâŊ28, 2025 that it has signed agreements to dispose of three residentialâproperty assets in the Netherlands, representing a total of 322 suites, for about âŽ67.8âŊmillion in combined consideration.
Under the plan â executed via ERESâs subsidiaries â the properties to be sold are: a 33âsuite building in Roermond for roughly âŽ10.0âŊmillion; an 88âsuite property in Valkenburg for about âŽ15.0âŊmillion; and a 201âsuite property in Arnhem valued at nearly âŽ42.8âŊmillion. In the Arnhem sale, a portion of the proceeds will be used to repay approximately âŽ15.2âŊmillion of related mortgage debt.
Assuming all closing conditions are met, the transactions are expected to complete between January and April 2026, with net proceeds earmarked for general trust purposes. However, ERES cautions that there is no guarantee that all conditions will be satisfied.
The REIT says the sales â referred to as the âPending Dispositionsâ â offer âattractive transaction valuesâ and strengthen its broader strategy to wind down its Dutch portfolio. With these sales, ERES will be left with approximately 700 residential suites and some retail space in the Netherlands. A larger, possible âenâblocâ sale of remaining assets remains under consideration, with BMO Capital Markets retained as financial adviser to support sales and strategic options.
As of September 30, 2025, ERES owned 1,033 residential suites and ancillary retail space in the Netherlands, with a total portfolio fair value of roughly âŽ311.7âŊmillion.
Looking ahead, ERES commits to maximizing value for unitholders and says it will continue to provide updates as the sale process progresses.
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