M&G Real Estate Buys OurDomain Amsterdam Southeast Student Housing Campus From Greystar for About €340 Million

LONDON/AMSTERDAM, Nov. 9, 2026 — M&G Real Estate, part of M&G's €96 billion private markets business, has acquired a large-scale residential and student housing campus in Amsterdam from Greystar for around €340 million, the firm announced. Savills and CMS advised M&G Real Estate as commercial advisor on the transaction.

The firm said the deal is one of the Netherlands' largest living transactions in recent years. It was made on behalf of the M&G European Property Fund and expands M&G's Living platform, which now manages more than €7 billion across almost 27,000 homes in Europe.

OurDomain Amsterdam Southeast Campus Details

The campus, known as OurDomain Amsterdam Southeast, is in Amstel III, one of Amsterdam's largest urban regeneration areas, in Amsterdam-Zuidoost, next to Amsterdam Holendrecht railway and metro station. It comprises 1,559 rental homes across three buildings, including 955 purpose-built student accommodation (PBSA) units for students and young professionals and 604 private rented homes with a mix of regulated, mid-market and free-market housing.

Developed by Greystar, which also operates the campus and was the vendor, the property forms part of the district's transformation into a mixed-use residential neighborhood. The building breakdown is as follows:

• East House: 955 PBSA studios averaging 23 square meters
• North House: 339 private rented apartments averaging 54 square meters
• West House: 265 private rented apartments averaging 56 square meters

The campus totals 57,757 square meters, or about 621,700 square feet, and includes five ground-floor retail units and 396 underground parking spaces. Residents have access to co-working and study areas, fitness facilities, a cinema and music room, shops and services, and approximately 18,000 square meters of landscaped outdoor space.

The campus has maintained consistently high occupancy since opening more than five years ago, according to the announcement. It is connected to central Amsterdam, Utrecht, Schiphol Airport and the city's major universities.

Price and Sustainability Profile

At roughly €340 million, the purchase implies about €218,100 per home across the 1,559 units, or about €5,887 per square meter, equivalent to about €547 per square foot.

The campus holds A to A++ energy ratings across its residential units and a BREEAM-in-Use certification. It has district heating and more than 1,100 rooftop solar panels. M&G said it intends to further enhance resident experience and environmental performance, including pursuing BREEAM certification.

M&G European Property Fund Strategy

The M&G European Property Fund, launched 20 years ago, has gross asset value of €5.9 billion as of Sept. 30, 2026. M&G said the fund has invested or committed more than €1.2 billion in 2026 across living, logistics and other high-conviction sectors in Europe.

The acquisition takes residential exposure toward 30% of the fund's portfolio and lifts its residential holdings to almost 6,000 homes across Europe. The campus will become the fund's largest asset, with an income base diversified across three independent buildings.

The deal follows the fund's recent acquisition of Banehaverne, a residential scheme in Greater Copenhagen, for more than €250 million.

Laurien van Wieringen, Director of Investments and Asset Management, Netherlands at M&G Real Estate, said: "Opportunities to acquire large, institutional-quality living assets in Amsterdam are rare, making this such a significant transaction for us. It reflects the strength of our local platform and our ability to execute complex deals. Our focus now is to build on the campus's strong foundations and make it an even better place to live, study and work, while enhancing its environmental performance and delivering reliable long-term income for our investors."

Simon Ellis, Fund Manager of the M&G European Property Fund, said: "Living remains one of our highest-conviction themes across Europe. Following the Fund's recent €250 million+ acquisition of Banehaverne, a residential scheme in Greater Copenhagen, this transaction represents another important step in scaling our Living exposure. The campus will become the Fund's largest asset, combining significant scale with a diversified income base across three independent buildings. Its size also enables us to offer a broad range of shared services and amenities, while managing the asset efficiently for the long term. As the Fund grows, we can increasingly use our scale to access larger, leading assets that offer a strong competitive position in their local markets."

Amsterdam Student Housing Market Context

The purchase comes as Amsterdam's student housing shortage is projected to widen. CBRE estimates the city's shortage will grow from more than 6,000 rooms in 2026 to nearly 11,000 by 2034, with Amsterdam accounting for roughly 60% of the shortage across the 12 Dutch university cities studied.

Across those cities, almost 38,000 private-market student rooms are expected to disappear by 2034, while firm and soft development plans would add just over 16,000 rooms, a net decline of more than 21,000 rooms. In Amsterdam, Rotterdam and Utrecht, private landlords sold approximately 6% to 7% of their student rooms in 2024-25, and only one in eight of the rooms sold was subsequently rented to students.

Deloitte acted as tax adviser and Arcadis and Ramboll as technical advisers on the transaction.

M&G Investments is part of M&G plc, which has €449 billion of assets under management as of June 30, 2026.

Sources

• M&G press release: https://group.mandg.com/news-and-insights/press-releases/2026/09-11-2026