Given a theoretical EUR 500 mln to invest in the Netherlands, Multi Development CEO Heino Vink would borrow another EUR 500 mln to spend EUR 1 bn in inner-city development. ‘People think of course that this is advertising for the Multi development pipeline, but that is not the case at all,’ he said during a PropertyEU Investment Briefing at EXPO REAL. ‘I believe that this product can revitalize cities. That is a Dutch export product for foreign investors.’
Given a theoretical EUR 500 mln to invest in the Netherlands, Multi Development CEO Heino Vink would borrow another EUR 500 mln to spend EUR 1 bn in inner-city development. ‘People think of course that this is advertising for the Multi development pipeline, but that is not the case at all,’ he said during a PropertyEU Investment Briefing at EXPO REAL. ‘I believe that this product can revitalize cities. That is a Dutch export product for foreign investors.’
There are growing opportunities on the Dutch housing market for foreign investors, according to co-panellist Dick van Hal, director of Dutch investment manager Bouwinvest. Van Hal was honest enough to say that he would also look abroad if he were given EUR 500 mln to spend on real estate. ‘Foreign investors are not stupid, they know we want to spread our risks. On the other hand, a Dutch residential portfolio fits well with the risk profile of most foreign investors.’
Jeppe de Boer of Rotterdam-based developer OVG sees more potential in Dutch offices. ‘I came back to the Netherlands from Russia when I saw that the yields were the same. I can assure you that risk-returns for offices have never been so good.’ Investment manager Syntrus Achmea sees opportunities in the Netherlands in the residential and care sectors in particular.
Colliers International believes global investors targeting the Dutch real estate market should focus on the hotel sector. During his presentation, director capital markets Jules van Gaalen said he also sees opportunities in the rental housing market.
