Bouwinvest enters Canadian market through multifamily JV with Woodbourne Capital

Dutch institutional investment manager Bouwinvest Real Estate Investors has made its foray into the Canadian market through a joint venture with Woodbourne Capital.

The partners plan to invest C$125 million ($93 million) in well-located, mid- or high-rise multifamily developments. The Build-to-Green-Core Living strategy will be executed through Bouwinvest’s North America Mandate for its parent investor bpfBOUW, the Dutch construction workers pension fund, which is the fourth-largest institutional investor from the Netherlands. bpfBOUW also has the highest portfolio-asset allocation to real estate in the Dutch institutional market, at about 20 percent of total assets under management.

Bouwinvest said about 50 percent of the joint venture’s initial equity commitment is being invested in the Yonge & Roselawn mixed-use development, which includes two residential towers adjoined by a six-story podium, including street-level and second-floor retail and a total of 548