Bouwinvest Real Estate Investors has invested €100 million in rental housing, healthcare and logistics properties in the Nordics for its European mandate.
Bouwinvest said the local partner is Nordics-based real estate manager NREP that targets projects in leading urban centres in the region, such as Copenhagen, Stockholm, Helsinki, Oslo and Gothenburg.
”The acquisition exemplifies Bouwinvest’s strategy of investing in real estate sectors which stand to benefit from long-term demographic developments and consumer megatrends,” said Bouwinvest in a statement.
The Nordics suffer from a shortage of affordable rental housing for middle-income earners, according to the company. ”Aging populations are driving demand for healthcare faclities in the region, while the logistics sector is benefiting from the growth in e-commerce.”
“We aim to grow our assets under management in Europe for our client bpfBOUW to € 1.8 billion by the end of 2023 and will focus our efforts on creating value in both financial and social terms – what we at Bouwinvest call real value for life. Underpinned by long-term trends, our investments generate stable returns for our investors, while also benefiting society as a whole,” said Robert Koot, Director European Investments at Bouwinvest.
“NREP is an excellent partner for us in this region and the strong underlying market fundamentals of the sectors we are targeting will help us realise our goal of generating a solid and attractive dividend for our client,” added Jasper Petit, Senior Portfolio Manager at Bouwinvest.
“We are very pleased and honoured to welcome Bouwinvest as an investor in NREP Income+. It is a pleasure to work with an investor who also has high standards, a strong focus on their sustainability agenda as well as a long-term alignment with our own company in terms of their goal to improve the built environment to the benefit of customers, communities and cities,” concluded Didde Kristensen, Head of Investor Relations at NREP.