Dutch real estate investment fund Vesteda has acquired just over 1,000 homes from Philips Pension Fund. The assets are valued at more than EUR 200 mln and generate EUR 600 to EUR 1,000 rent each a month. This was Vesteda's largest acquisition to date and it now owns 27,000 private-sector homes.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
