The Fund’s growth strategy
The Residential Fund has a well-defined growth strategy, as we believe the residential sector continues to offer good long-term investment opportunities, especially for investors with a liability hedge strategy. The Fund's target is to increase its assets under management to € 3.4 billion in 2017 from the current € 2.6 billion. In addition to the positive revaluations from 2014 onwards, the Fund will achieve this growth through targeted acquisitions.
Capitalising on a number of significant trends and developments that affect the residential real estate market, the Fund’s acquisition strategy will focus on:
- The Fund’s core regions, with a specific focus on the Randstad conurbation and a preference for inner-city areas
- The liberalised rental segment, as rent increases are not subject to government restrictions
- Mid-rental segment (rents € 711 - € 1,200), specifically the lower mid-rental segment (rents € 711 - € 900)
- Starter homes for one-person and two-person households and family homes
- ‘Lifecycle-proof’ homes or environments for elderly people
- Homes with above-average energy-efficiency, comfortable and with sustainable certifications
Strategic actions in 2014
- Reached agreement on investments of € 407 million in new properties
- 100% of acquisitions located in Bouwinvest's core regions
- Acquired 1,447 apartments in liberalised mid-rental segment
- Acquired 207 family homes in liberalised mid-rental segment
- Sold assets valued at € 116 million
- Divested assets include 559 apartments and 405 family homes
- Divestments in line with continuous optimisation of the portfolio