Dutch group Bouwinvest Real Estate Investors announced on Wednesday that it has committed €100 mln to a strategy targeting various sectors, including affordable rental housing for middle-income families, care homes and logistics in the Nordics on behalf of a European mandate.
The local partner for the investment strategy is real estate manager NREP and in particular the Income+ fund. The Copenhagen-based company will predominantly be targeting projects in major urban centres in the region, such as Copenhagen, Stockholm, Helsinki, Oslo and Gothenburg.
In a statement, Bouwinvest said the partnership exemplified its strategy of investing in real estate sectors which stand to benefit from long-term demographic developments and consumer megatrends.
‘Underpinned by long-term trends, our investments generate stable returns for our investors, while also benefiting society as a whole,’ commented Robert Koot, director of European investments at Bouwinvest. ‘We aim to grow our assets under management in Europe for our client bpfBOUW to €1.8 bn by the end of 2023 and will focus our efforts on creating value in both financial and social terms.’
‘NREP is an excellent partner for us in this region and the strong underlying market fundamentals of the sectors we are targeting will help us realise our goal of generating a solid and attractive dividend for our client,’ added Jasper Petit, senior portfolio manager at Bouwinvest.
‘It is a pleasure to work with an investor who also has high standards, a strong focus on their sustainability agenda as well as a long-term alignment with our own company in terms of their goal to improve the built environment to the benefit of customers, communities and cities,’ concluded Didde Kristensen, head of investor relations at NREP.
