The Residential Fund at a glance
Fund characteristics
Largest unleveraged Dutch residential fund
Core investment style
Target of 6.0% long-term average annual Fund return
Robust governance structure
Investment structure for indefinite period of time
Reports in accordance with INREV standards
Fund management
Bouwinvest 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 assets under management. Bouwinvest’s Dutch Investments business unit is responsible for all direct 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 remains high
Solid capital growth for standing investments and lower initial yields
Polarisation - marked regional differences in housing demand
Qualitative mismatch - single-person households and elderly are changing the market
Qualitive mismatch especially in Randstad conurbation
Urbanisation and ageing driven demographics
Increasing competition on the acquisition side
Fund strategy
The Residential Fund aims to increase its assets under management to € 6.1 billion by 2020. This will be achieved through targeted acquisitions and a positive revaluation. Capitalising on key market developments, the Fund’s acquisition strategy focuses on:
The Fund’s core regions with a specific focus on the Randstad and Brabantstad conurbations, and a preference for inner-city areas.
The liberalised rental sector, with a focus on the mid-rental segment (rents between € 711 and € 1,250).
Apartments for starters, one-person and two-person households and family homes
‘Lifecycle-proof’ homes or residential environments for elderly people.
Homes with above-average energy efficiency.