May 2025
c. €120 million
Sole Financial Adviser
Rinkelberg Capital
Van Lanschot Kempen acted as Sole Financial Adviser in the sale of Student Experience Minervahaven from Rinkelberg Capital to Ardian and Rockfield
Transaction highlights
- Rinkelberg Capital has sold the 596-bed Minervahaven student housing building in Amsterdam’s Houthavens district for c. €120m, in what is the largest single asset Purpose-Built Student Accommodation (PBSA) deal in the Netherlands on record, to Ardian and Rockfield
- Minervahaven has been recognised as ‘The Most Sustainable PBSA Asset in Europe’ by student housing industry association The Class Foundation and has a BREEAM ‘Excellent-in-use’ sustainability certification
- Situated near universities and the center of Amsterdam, Minervahaven offers 596 fully furnished modern studios, each equipped with a private kitchen and bathroom. The property also includes 300 sqm of office space and a variety of communal amenities such as a gym, cinema, co-working spaces, a rooftop terrace, and a green courtyard
- Minervahaven’s strong sustainability credentials and high-quality living spaces exemplify the type of assets Rinkelberg Capital and Student Experience aim to develop and manage
- Student Experience, which has developed and has been managing Minervahaven since 2020, will continue to operate the property, ensuring a seamless transition and maintaining the high standards of service and sustainability
About Rinkelberg Capital
Rinkelberg Capital is a privately owned investment firm of the founders of TomTom. The firm supports entrepreneurs and businesses in various fields, often alongside other private investors. Rinkelberg Capital has a strong focus on creating long-term value via partnership and result-driven dialogue with its partners.
About Student Experience
Student Experience is an independently operating property manager and developer of purpose-built student accommodation in the Netherlands and Spain. The company offers an innovative full-service concept that provides sustainable housing for students from all backgrounds. The platform offers both PBSA development services as well as property management services to different investors.
About Ardian
Ardian is a world-leading private investment house, managing or advising $177bn in assets for over 1,850 global clients. With expertise in Private Equity, Real Assets and Credit, Ardian offers diverse investment opportunities and flexible client solutions. The company is primarily employee-owned, emphasizing development of its people and a collaborative culture. Ardian's 1,050+ employees across 19 global offices are committed to Responsible Investment, aiming to combine excellent investment performance with high ethical standards and social responsibility. Ardian is dedicated to building lasting companies.
About Rockfield Real Estate
Rockfield Real Estate is a vertically integrated investment, development, and operating platform specializing in European residential real estate. Founded in 2014, the firm has built a strong presence with offices in the Netherlands and Spain. Managing approximately €2 billion in assets under management, Rockfield oversees 5,000 residential units and has developed over 10,000 homes. The firm serves institutional clients, focusing on sustainable and future-proof real estate with strong ESG principles. Rockfield's entrepreneurial mindset allows it to identify and execute high-quality investment opportunities.
Background Van Lanschot Kempen European Real Estate
- Van Lanschot Kempen has advised on more than €105 billion in real estate transactions across 15 different countries in Europe in the last 10 years
- Since 2020, Van Lanschot Kempen advised on more than 150 transactions across different countries, representing a total deal value of over €33 billion in a challenging and unprecedented environment
- This transaction comprises Van Lanschot Kempen’s second successful transaction in European student housing in 2025 so far, following its role as Joint Global Coordinator & Joint Bookrunner on Xior’s €80 million Accelerated Bookbuild Offering in January 2025