M&G Real Estate has acquired OurDomain, a large-scale residential and student housing complex in Amsterdam Southeast, from Greystar for €340M.
The acquisition strengthens M&G's living platform, which manages more than €7B across 27,000 homes in Europe.
Purchased on behalf of the M&G European Property Fund, the deal is one of the largest single-asset transactions in the residential sector in the Netherlands in recent years. The student and residential campus, which consists of 1,559 rental apartments, is now the fund's largest asset.
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Following the acquisition, Greystar, one of OurDomain's developers, will remain in charge of the daily management and operations of the residential complex.
Savills and CMS served as advisers to M&G RE during the acquisition, with CBRE, Houthoff and Deloitte advising Greystar.
OurDomain is located in Amstel III, a large urban renewal neighborhood. Spanning 58,000 square meters across three blocks, it includes 955 rental units for students and young professionals and 604 private rental homes, spanning the regulated, midmarket and free-market segments.
The complex features several amenities, including coworking and study spaces, fitness facilities, a cinema and a music room next to five retail units. It also offers 396 underground parking spaces and roughly 18,000 square meters of outdoor space.
Occupancy at OurDomain has remained high since the living complex opened more than five years ago. The property has A-A++ energy ratings, uses district heating and features more than 1,100 solar panels on its roofs.
M&G RE aims to improve the residential experience and the overall environmental quality of the campus and will pursue a BREEAM2 certification for the buildings.
“Our focus now is to build on the campus’s strong foundations and make it an even better place to live, study and work, while enhancing its environmental performance and delivering reliable long-term income for our investors,” Laurien van Wieringen, director of investments and asset management, Netherlands at M&G Real Estate, said in a statement.
The deal comes a few months after M&G’s acquisition of a Copenhagen residential scheme valued at more than €250M on behalf of the fund.
The €5.9B fund, initially launched 20 years ago, has invested or committed more than €1.2B this year alone in properties spanning several sectors, including living and logistics in Europe.
With the new asset, residential exposure in the fund accounts for 30% of its portfolio and includes close to 6,000 houses across Europe, highlighting its confidence in its living platform as well as ongoing investment in the Netherlands.
“As the fund grows, we can increasingly use our scale to access larger, leading assets that offer a strong competitive position in their local markets,” said Simon Ellis, fund manager of the M&G European Property Fund.
The transaction comes as international institutional capital slowly returns to the Dutch residential market. Residential investment transactions in the Netherlands are predicted to surpass €10B in 2026, with €6.91B in residential investment transactions recorded by the end of the third quarter, according to Capital Value.
International investors accounted for 17% of the total transaction volume during the first three quarters of 2026, an increase that is said to have been fueled by investments in existing rental properties.
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