Key Takeaways
- • Bouwinvest acquired 167 rental apartments in Alkmaar, the Netherlands, from developer Ontwikkelcombinatie The Future, per IPE Real Assets.
- • The undisclosed-price acquisition was made on behalf of the Dutch Impact Mandate, a vehicle managed for construction pension scheme bpfBOUW.
- • The project is part of a 437-apartment development by Ter Steege Bouw Vastgoed, with construction scheduled to begin this month and completion by mid-2029.
- • Bouwinvest manages two impact products for pension clients: the Dutch Senior Living Impact Fund and the Dutch Impact Mandate.
Summary
Bouwinvest, the Dutch real estate fund manager, has acquired 167 rental apartments in Alkmaar in the northwestern Netherlands from developer Ontwikkelcombinatie The Future, according to IPE Real Assets. The purchase price was not disclosed. The asset was acquired on behalf of the Dutch Impact Mandate, a vehicle managed by Bouwinvest for construction pension scheme bpfBOUW.
Maya Savelkoul, fund manager at Bouwinvest, said pension funds increasingly expect investments to deliver both returns and a contribution to societal challenges, and that real estate offers a logical route because its impact is tangible. She noted that Bouwinvest manages two impact products for pension investors, the Dutch Senior Living Impact Fund and the Dutch Impact Mandate, and that these products make their impact measurable. Savelkoul said that by investing pension capital in new homes such as those in The Future, clients are helping to reduce the Dutch housing shortage.
The apartments form part of a 437-apartment project being developed by Ter Steege Bouw Vastgoed. Construction is scheduled to start this month and be completed by mid-2029.
Maya Savelkoul, fund manager at Bouwinvest, said pension funds increasingly expect investments to deliver both returns and a contribution to societal challenges, and that real estate offers a logical route because its impact is tangible. She noted that Bouwinvest manages two impact products for pension investors, the Dutch Senior Living Impact Fund and the Dutch Impact Mandate, and that these products make their impact measurable. Savelkoul said that by investing pension capital in new homes such as those in The Future, clients are helping to reduce the Dutch housing shortage.
The apartments form part of a 437-apartment project being developed by Ter Steege Bouw Vastgoed. Construction is scheduled to start this month and be completed by mid-2029.
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