M&G Real Estate has acquired a large-scale residential and student housing campus in Amsterdam for roughly €340 million. The purchase, completed on behalf of the M&G European Property Fund, stands as one of the largest living transactions in the Netherlands in recent years.

Known as OurDomain Amsterdam Southeast, the property sits in Amstel III, which is one of Amsterdam’s major urban regeneration districts. Developed originally by Greystar, the campus comprises 1,559 rental homes, split between 955 student and young professional units and 604 private homes covering regulated, mid-market and free-market segments.

Amenities across the three independent buildings include study areas, co-working spaces, fitness facilities, a cinema, music rooms, shops and about 18,000 sqm of landscaped outdoor space. The site features A to A++ energy ratings, district heating and over 1,100 rooftop solar panels. M&G plans to pursue BREEAM certification and improve environmental performance further.

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.”

The acquisition pushes residential exposure toward 30% of the €5.9 billion M&G European Property Fund portfolio, raising its holdings to nearly 6,000 homes in Europe. The fund has committed over €1.2 billion in 2026 across living and logistics sectors.

Simon Ellis, Fund Manager of the M&G European Property Fund, added: “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.”

Savills and CMS advised M&G Real Estate as commercial advisor on the transaction.