OCP I (2014)
OCP established its first joint venture with a blue-chip Dutch family office in 2014. The aim of the venture is to invest in secure and stable real estate assets with a long term investment horizon (>10 years). The first acquisition was the Alpha portfolio, a high-quality residential portfolio of 150 units in Amsterdam. In 2015 and 2016, two residential buildings in Amsterdam and Utrecht were added with a total of 350 residential units. In 2017 the partnership acquired a portfolio of 3 convenience retail centers in strong urban locations in the Netherlands. In 2018 the partnership made its first international investment with the acquisition of the Belgrave portfolio in Ireland. Current assets under management are in excess of €300m.
OCP II – AMSTERDAM RESIDENTIAL (2014 – 2018)
This closed-end venture was established by OCP and an American Fund Manager. The aim of the partnership was to invest in Amsterdam residential assets, both in regulated and non-regulated housing portfolios, with a time horizon of 5 years. Between 2014 and 2016 the partnership acquired 2,000 residential units through a string of acquisitions, including a development of 500 residential units targeting first time renters (starters). The partnership invested significant amounts of capital in the assets, to upgrade them to modern standards including the upgrade of energy labels, placement of solar panels, etc. The portfolio was sold in 2018 to CBRE Global Investors.
OCP III – DUTCH CONVENIENCE RETAIL (2016)
This closed-end venture was established between OCP and a global investment bank. The aim of the partnership is to acquire undermanaged Dutch convenience retail assets, anchored by supermarkets in strong urban locations that are supported by favorable demographic trends. After a string of acquisitions from Dutch pension funds, private investors and listed real estate companies the partnership established a dominant position within the Dutch convenience retail market. The venture has invested and continues to invest heavily in the assets by redeveloping and upgrading them to modern standards. The venture has disposed all non-convenience retail assets to create one homogeneous, stable and focused portfolio. Additionally, the venture has disposed some of the more mature assets to capture performance and value created.
OCP IV – DUTCH RESIDENTIAL (2016)
This partnership is a joint-venture between OCP and a Sovereign Wealth Fund. The aim of the partnership is to create a leading and best-in-class European residential platform. The partnership has a long investment horizon (>10 year), and focuses on only residential assets in strong urban locations. Currently, the partnership has an AuM of more than €2b with residential assets in the Netherlands, Ireland and Denmark. The partnership aims to grow its portfolio significantly over the few coming years.