Bouwinvest secures €130m for Dutch senior living fund

Amsterdam-based real estate investment manager Bouwinvest has secured €130 million in initial investment for its new Dutch Senior Living Impact Fund.

Bouwinvest management

The investment has come from Pension fund PostNL, StiPP, Pensioenfonds TNO, and ING.
Advised by Van Lanschot Kempen, the three pension funds join the open-ended Article 9 fund, which aims to generate both financial returns and positive social impact by investing in high-quality senior housing across the Netherlands.
The fund's investment strategy centres on acquiring assisted living, private residential care, and intramural care facilities across the Netherlands. This approach not only provides seniors with quality, sustainable housing that fosters independence, safety, and well-being but also helps alleviate the housing shortage.
As seniors move into these facilities, it releases existing homes for starters and young families. This is particularly significant given the Dutch government's estimation that 290,000 new care-suitable homes will be needed by 2030, a challenge this fund is actively working to address.
Maya Savelkoul, Fund Manager, said: "After the Dutch Impact Partnership, which we set up for the pension funds ABP and bpfBOUW, I am incredibly proud that we have now launched a second impact product. These first investors really want to make a difference in the Dutch care housing market. We want to continue to grow this fund in the coming years and actively look for new institutional investors who endorse this social goal."
Jorrit Arissen, co-head Real Estate at Van Lanschot Kempen, commented: "We are noticing that institutional clients increasingly express the desire to make an impact close to home, within various investment categories. By working together, we make solutions within various asset classes accessible. This allows our clients to realize their (investment) objectives through targeted allocations to impact-driven strategies within alternative investment categories. The co-creation with Bouwinvest is a striking example of how local impact can be realized within real estate allocation. The shared goal: to contribute to the major shortage of housing for seniors in the Netherlands."
Elena Kalthoff, director of ING Social Impact, added: "ING is investing in this Senior Living Impact Fund because we believe that seniors in the Netherlands should have access to suitable and future-proof housing and care facilities. Well-designed homes that meet the needs of care enable seniors to continue living independently for longer, which means they can stay healthy and feel better for longer, which reduces the pressure on healthcare."