17 July 2018

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Bouwinvest’s Dutch Residential and Retail Funds attracted new mandates from a range of investors in the first half of 2018, including the Public Transport (Pensioenfonds Vervoer) and Hospitality Industry (Pensioenfonds Horeca & Catering) pension funds.

Bouwinvest also saw a first commitment from a charitable foundation, the Elisabeth Strouven Fonds. A total of € 395 million was committed in H1, with the Dutch Residential Fund receiving € 300 million.

Allard van Spaandonk, CIO Dutch Investments at Bouwinvest, said: “Our Dutch funds attracted new names in the first-half of 2018, suggesting that the positive attributes of core-style real estate investments, such as consistent rental income returns, married with relatively low risk and an inflation hedge, are becoming more widely appreciated among domestic institutional investors. These investments also make a positive social impact, particularly for residential assets, as they are increasing rental housing supply to help relieve a shortage of homes in the major cities, and they are also developed to the highest modern sustainability standards.”

The Dutch Residential Fund with € 4.8 billion in assets under management, focuses on the liberalised rental markets of the major metropolitan areas in the Netherlands and achieved a total investment return of 15.6% in 2017. The Retail Fund with € 900 million in assets under management produced a 7.8% return last year through investments in the largest and most popular shopping destinations, as well as convenience retail locations for day-to-day grocery needs.

Bouwinvest’s new investors were advised by Sweco Capital Consultants, Corestone Investment Managers and Sprenkels & Verschuren.