British property investment company Round Hill and Dutch developers G&S Vastgoed and Boelens de Gruyter are investing €300m in developing part of a new Utrecht city district close to the Merwede canal, the Financieele Dagblad said on Tuesday.

As yet it is unclear how many homes will be built on the 4.5 hectare site bought by the three. Under local authority rules, 30% must be rent controlled properties and 25% in the middle income rental segment.

Round Hill first entered the Dutch property market in 2014 when it bought 4,000 rental properties from struggling housing corporation WIF. It has since expanded its Dutch portfolio to 10,000 homes.

In total between 6,000 and 10,000 homes are being built in the Merwede canal zone, with amenities for 20,000 new inhabitants.