Bouwinvest Real Estate Investors has allocated €75 million ($92 million) on behalf of its European mandate to a newly launched venture from Irish investment manager Ardstone to invest in social and affordable rental housing in Dublin. The transaction follows investments earlier this year for Bouwinvest’s institutional European mandate in affordable housing in Scandinavia and Belgium.
Robert Koot, director European investments at Bouwinvest, said, “Dublin is by no means alone in experiencing a shortage of suitable accommodation for lower- and middle-income earners, with many developed cities around the world facing similar issues. At Bouwinvest, we adjust our affordable housing strategy in line with the needs of each individual market. In addition to affordability, sustainability is a key pillar of the residential investments we’ve made in recent years, such as those in France, Germany, the U.K., Belgium and the Nordics. Affordability and sustainability are also high o
