04 June 2014

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Bouwinvest, the largest unleveraged investor in Dutch residential properties, is acquiring 572 homes in Amsterdam and in The Hague/Rotterdam area for a total investment of about €150 million, the fund manager announced at the Provada real estate trade fair here on Tuesday.

The range of apartment and housing developments and conversions acquired by Bouwinvest’s Dutch Residential Fund are almost all in the liberalised portion of the rental sector. The investments are being made as the Dutch residential market shows strong signs of bottoming out after five years of price falls.

Allard van Spaandonk, Bouwinvest Director for the Netherlands said: “Residential is the most attractive real estate investment asset class in the Netherlands right now as the market has reached a key turning point and we expect steady increases in both prices and rents over the next few years. This very positive investment outlook is combined with the government’s recent changes in legislation, which are extending the scope of the liberalised rental sector and successively rebalancing the contours of the Dutch residential market to create a more level playing field between investors and domestic housing corporations for the first time.”

The assets acquired by Bouwinvest’s Dutch Residential Fund include:

Location Number of units Partner
Amsterdam, Stadionplein 100 M.J.De Nijs; City Council of Amsterdam
Amsterdam, Zuidas 75 AM
Amsterdam, Overhoeks 108 Ymere
The Hague, Oostduinlaan 154 Pinnacle
Rotterdam-Pijnacker Keizershof 135 Heijmans