INVESTMENT CASES

“ONE” PORTFOLIO

End of 2020, OCP acquired in an off market transaction the One portfolio from a Dutch developer Wonam. It comprises 800 residential units spread over five large blocks located in Amsterdam and Utrecht. Two blocks in Amsterdam are in development and acquired with a forward funding structure. The acquisition is unique because of the high quality newly built assets, including the iconic Steltloper, and its 35% share of mid-rental units, the rental segment with largest shortage in Amsterdam. Lastly, all buildings comply with the highest standards of sustainability and liveability, further adding to OCP’s ESG aspirations.

DELA’S RETAIL MANDATE 

Since the beginning of 2021 OCP took control of the asset management mandate for Dela’s direct real estate. The portfolio is constituted of prime high street assets spread over 28 cities in the Netherlands. The strategy consists of adding value through e.g. the transformation of not (fully) utilized space. By capturing the potential and stabilising the assets, OCP optimizes and prepares the assets for an exit in the short- to mid- term.

SUSTAINABLE INVESTMENTS

OCP is always looking for ways to improve the sustainability of its assets. Recently we deployed more than 330 solar panels on the rooftop of one of our residential assets at August Allebéplein in Amsterdam West. The solar panels generate more than 90,000 kWh per annum. Additionally, OCP has appointed EP&T Global as its preferred supplier to reduce energy and waste consumption for its assets. Consequently, OCP has realized substantial savings on its energy consumption. we have made similar investments in many other such assets and we are committed to finding innovative ways to reduce our environmental footprint further.

BELGRAVE ACQUISITION

In 2018, OCP made its first international acquisition with the Belgrave transaction in Dublin. After an in-depth analysis of multiple European capital cities, OCP selected Dublin because of Dublin’s favorable investment outlook. Dublin is supported by a strong economy, rising employment and influx of both finance and technology companies. Belgrave is a converted portfolio of Georgian townhouses in prime, city-center locations in Dublin. Specifically, the apartments cater to the demand of young professionals, who aspire for affordable housing in city-center.