27 Jan 2020
Bouwinvest attracted a total of €340 million in new capital commitments in 2019 for its Dutch Residential, Retail and Office Funds. The Amsterdam-based investment manager now has 25 institutional investors in its vehicles. The new mandates mean Bouwinvest expects to reach its target of a total of €17 billion in invested capital across its portfolio over the next two years.
Dick van Hal, CEO van Bouwinvest, said: “We are pleased to welcome new clients alongside existing investors who are investing again in our real estate vehicles. Last year’s successful client engagement brings greater diversity to our investor base and means Bouwinvest is on track to lift our invested capital to €17 billion by 2022, as we intensify our three-pronged strategy of customer focus, sustainability and international growth.”
For full-year 2019, Bouwinvest’s flagship Dutch Residential Fund received €190 million in new commitments from Dutch pension funds. The Residential Fund now has a total of 22 shareholders and total invested capital of €6.5 billion as of 31 December, 2019. The Fund targets residential properties in the mid-tier and private rental housing sector.
Capital commitments totalling €78 million helped lift the number of clients in the Retail Fund to seven and total invested capital to €1.0 billion per end-2019. The Dutch Retail Fund invests in the leading highstreets of the biggest cities (‘Experience’) as well as local neighbourhood centres for daily shopping (‘Convenience’).
The Office Fund received €72 million in capital from both a new and an existing investor. It now has invested capital of €1.1 billion and seven clients. The Fund focuses on sustainable, multifunctional and multi-tenant offices on the best locations in the major Dutch cities of Amsterdam, Rotterdam, Utrecht, The Hague and Eindhoven.