An unnamed Dutch pension fund has made a €170m commitment to Altera Vastgoed’s housing fund.

The Altera housing fund, which mainly targets apartments in the Netherlands’ most robust metropolitan area, currently holds a portfolio of 5,762 homes.

Jaap van der Bijl, CEO of Altera said there is still a persistent shortage of good quality, affordable and sustainable rental housing for all target groups in the Netherlands.

“Working with our institutional shareholders, we can help to make future-proof housing a reality. The funds made available by our new shareholder will enable us to create affordable housing in the urban environment.”

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