BpfBOUW, ABP and Bouwinvest join forces to invest €400m in affordable homes
Bouwinvest and sector pension funds ABP and bpfBOUW have plans to collaborate in the Dutch Social Impact Real Estate Partnership.
ABP has committed €250 million ($272 million) and bpfBOUW another €150 million ($163 million) to the partnership. The partnership aims to add and preserve affordable and care-related homes in the social and low-middle rental segment in the Netherlands. The partnership’s focus will be on housing for groups of people who are currently finding it difficult to find a home.
The Dutch healthcare housing market is currently way out of balance, as large groups of people cannot find appropriate and affordable housing. In particular, there is a huge shortage of rental housing in the social and low-middle segment, with rental prices between €650 and €960 ($708 and $1,035). ABP and bpfBOUW aim to use this partnership to respond to this issue by providing housing for lower and middle-income earners. In addition, the partnership is actively look