The Netherlands’ confectionary industry pension fund has invested €30 mln in the Bouwinvest Dutch Residential Fund in its first real estate deal ever.
The Netherlands’ confectionary industry pension fund has invested €30 mln in the Bouwinvest Dutch Residential Fund in its first real estate deal ever.
'Real estate provides a stable and sustainable return for the retirement income of our pensioners and now is a very attractive time to step into the housing market,' said pension fund chairman Leo Dekker
The Bouwinvest Residential Fund portfolio consists of around 15,000 homes, mainly in the liberalised higher rental segment of the market and within the major urban areas of the Randstad conurbation in the western part of the Netherlands. It has a target total return of 6% a year.
