Clifford Chance

Clifford Chance advised ING Bank N.V. on the financing of a housing development in former Oudenrijn hospital building in Utrecht, acquired by KKR and Round Hill Capital

Clifford Chance advised ING Bank N.V. on the financing of a housing development in former Oudenrijn hospital building in Utrecht, acquired by KKR and Round Hill Capital.

A team from Clifford Chance Amsterdam has advised ING Bank N.V. on the financing of a mixed student and residential housing development in former Oudenrijn hospital building in Utrecht, acquired by KKR and Round Hill Capital.

KKR and Round Hill Capital have acquired, through a new joint venture, a 3.1 ha site to develop a significant housing scheme in the Netherlands. The investors have invested in the project alongside Stadium Capital Partners, and the development will provide much needed accommodation for students and young professionals.

The dilapidated Oudenrijn hospital building, which is part of the site, will be transformed and, together with a new 23 storey building that will be built, will provide 577 purpose-built student accommodation (“PBSA”) beds. In addition, 173 residential apartments will be built on the site targeted at young professionals. The designs also provide for dedicated amenities and common areas for the students as well as also hosting commercial space for all residents.

The Clifford Chance team that advised ING Bank N.V. on this matter consisted of Titus de Vries, Jasper Dijkshoorn, Liesbeth Buiter, Amin Tamaddoni, Merel Vermolen and Catherine van der Helm.