15 September 2022
Bouwinvest’s Dutch Healthcare Fund has acquired the TudorRose care facility in Hoofddorp from property developer Dura Vermeer Bouw Midden West. The complex has 23 residential units with access to private care services, which will be provided by Stepping Stones, a branch of European care provider Korian.
TudorRose is located in the newly developed TudorPark district in Hoofddorp, near Amsterdam Schiphol Airport, where Bouwinvest’s Dutch Residential Fund owns 196 rental apartments and is currently developing 30 more. TudorPark consists of 1,200 homes in total with a mix of owner-occupied, mid-range rental and social housing. TudorRose ranks above average in terms of its sustainability credentials and will run on alternative energy sources to natural gas, including two heat pumps and solar panels.
Helma Spuls, Director Dutch Healthcare Investments: “The number of households in the Netherlands in the 65+ age group is expected to increase by 1.1 million by 2040 as the population ages and people live longer. We really need to build more senior housing to meet that shortage, especially in locations such as Hoofddorp where the supply of private residential care is limited. It is also important that seniors with varying degrees of medical requirements are able to find suitable housing with the relevant care services. Our acquisiton of TudorRose will help fulfil that demand.”
The acquisition is aligned with the growth strategy of the Bouwinvest Healthcare Fund which invests in senior housing and healthcare real estate on behalf of bpfBOUW, the pension fund for the Dutch construction sector. The fund manages approximately €500 million (HY 2022) and aims to grow to approximately €900 million by 2025.