Round Hill Capital sells €1.3bn residential portfolio
Swedish real estate company Heimstaden Bostad AB has purchased a €1.3bn residential real estate portfolio in the Czech Republic from Round Hill Capital and Blackstone Tactical Opportunities, represented by Dentons and Simpson Thacher.
The portfolio, owned and operated by RESIDOMO, is the largest privately held residential portfolio in the Czech Republic.
It consists of approximately 4,515 assets with 42,584 residential units and 1,675 commercial units in the city of Ostrava and surrounding Moravia-Silesia region.
Funds advised by Round Hill Capital and Blackstone Tactical Opportunities acquired the portfolio in 2015, and have since invested into maintenance, refurbishment and additional services for tenants.