ABP and CBRE IM team up for senior housing in the Netherlands

ABP and CBRE IM are collaborating on a new strategy to develop sustainable and affordable rental housing for seniors in the Netherlands.

Senior Living

They have committed an initial €350 mln to build approximately 1,000 senior homes, with over half being affordable.

These new developments will prioritise high environmental standards, life-cycle-resilient designs, and shared community amenities, aiming for at least BREEAM-NL In-Use Excellent and CREEM certification.

This initiative significantly expands their joint investment in the Dutch housing market, bringing their total partnership to about €1.25 bn for over 3,500 homes.

Harmen van Wijnen, chairman of the Board of ABP Pension Fund, said: "The Netherlands is ageing rapidly, while the supply of suitable housing for seniors continues to lag behind. By investing in affordable and sustainable senior housing, we are contributing to an inclusive society while generating stable long-term returns for our members."

Bas Tiemstra, head of Continental Europe Direct Real Estate Strategies at CBRE IM, added: "Through this joint strategy, we are creating homes at scale where seniors can live comfortably and independently. The Dutch housing market has faced a structural shortage for many years, intensified by demographic ageing and a declining supply. This calls for decisive action. We are proud to be taking this step together with ABP and, in collaboration with developers and municipalities, helping to reduce the shortage of quality senior housing."