The Fund has a clear focus on investing in liberalised rental homes, especially in the mid-rental segment in the Bouwinvest core regions. The key words in the investment strategy are quality, affordability and sustainability.
Fund characteristics
Largest unleveraged Dutch residential fund
Core investment style
Long-term average annual Fund return plan of between 5.5% and 7.0%
Robust governance structure
Investment structure for indefinite period of time
Reports in accordance with INREV standards
Fund management
Bouwinvest Real Estate Investors B.V. is the manager and Statutory Director of the Residential Fund. The Bouwinvest Board of Directors is responsible for Bouwinvest’s long-term strategy, as well as the day-to-day management of the organisation itself and its invested capital. Bouwinvest’s Dutch Investments business unit is responsible for all real estate investments in the Netherlands. This business unit has a dedicated asset management team specialised in the residential real estate sector, with experts in acquisition, divestment, exploitation and letting.
Our vision of the Dutch residential market
Investors’ appetite is expected to remain high
Investors looking further afield, driven by yield compression and lack of supply in key cities
Public policies focus on increasing supply of homes
Quantitative shortage of homes, as production continues to lag high demand
Affordability is on the agenda of the national government and local authorities
Both investors and tenants are increasingly focusing on sustainability
Number of single-person and elderly households increasing rapidly
Urbanisation and ageing driving demographic developments
Attractiveness of Dutch housing market is increasing the competition for quality assets
Technology and innovations having an increasing impact on the real estate business
Fund strategy
The Residential Fund aims to increase its invested capital to € 7.3 billion by year-end 2021. This will be achieved through targeted acquisitions and positive revaluations. Capitalising on key market developments, the Fund’s strategy focuses on:
The Fund’s core regions with a specific focus on the Randstad and Brabantstad conurbations and major cities in the eastern part of the country
The liberalised rental sector, with a focus on the mid-rental segment (rents between € 711 and € 1,000) to ensure a supply of affordable homes
Apartments for starters, one-person and two-person households and family homes
‘Lifecycle-proof’ homes or residential environments for elderly people
Responsible Investment: Continuing the improvement of the Fund’s sustainability performance