ACQUISITION SKY PORTFOLIO
In 2018, OCP acquired the Sky portfolio. The portfolio consisted of 250 residential units, spread across 4 assets in Zoetermeer, Utrecht, Arnhem and Lelystad. The seller of the portfolio was a Dutch institutional investor. The assets offer spacious and convenient living space for current and prospective tenants with a monthly rent between €800 – €1,200. Such a rental product is in high demand from middle income tenants. In addition, the portfolio consists of 28 care units that are rented to a large care operator Stichting Triade.
In 2016, OCP acquired the Picassopassage, a 7,000 sqm neighborhood shopping center in Capelle aan den IJssel. The asset was developed in 1974 and needed an upgrade to modern standards. In coordination with all stakeholders –retailers, municipality and residents – OCP planned for redevelopment of the center – such as new facades, renovated car park, a new routing including a new entrance to the center. In addition, 400 sqm o
OCP is always looking for ways to improve the sustainability of its assets. In 2018, 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.
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.