ABP and bpfBOUW will invest 400 million euros in affordable (healthcare) housing in the Netherlands. To this end, the two fund clients of APG, together with real estate investor Bouwinvest, have set up the Dutch Social Impact Real Estate Partnership.
The main goal of this partnership is to add and maintain affordable (healthcare) housing in the social and lower middle rental segments. These are homes with a rent between 650 and 960 euros. The focus is on housing for groups of people who currently find it difficult to find suitable housing.
APG invests 250 million in the partnership, on behalf of ABP. Robert-Jan Foortse, Head of European Real Estate at APG: "ABP wants to offer all participants a good pension now and in the future. A pension that they can enjoy in a liveable world. In line with this, ABP has expressed the explicit ambition to contribute to solving the current problems in the Dutch housing market. It is then up to APG to give substance to that ambition. The commitment to this Dutch Social Impact Real Estate Partnership is a first step in that direction."
In addition to ABP's 250 million euros, bpfBOUW is contributing 150 million euros to the partnership through Bouwinvest. Of the money invested, at least 80 percent goes to (healthcare) homes, and a maximum of 20 percent to other social real estate such as schools or community centers. All buildings will be energy-efficient, climate-proof and sustainable.