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Catella Investment Management’s Haarlem project in the Netherlands transformed an obsolete office into 162 high-performance rental apartments, achieving an A+++ energy label and cutting embodied carbon through reuse of the existing concrete structure. Heated with geothermal energy and powered by over 50% renewables, the building combines 15% social, 40% affordable and 45% non-regulated units. Residents benefit from shared amenities including a gym, lounge and laundry facilities that foster community and reduce resource use. The project demonstrates how environmental excellence and social impact can be balanced within a commercially viable investment model.

• Regulatory Technical Standards (RTS) on open-ended Loan Originating Funds under AIFMD II deemed “non-essential”
• Interpretation and alignment issues under the ELTIF Regulation
• Luxembourg AIFMD II implementation bill closely follows the EU directive

INREV responded to the European Commission’s consultation on the European Affordable Housing Plan, advocating for a framework that mobilises institutional capital through clear, neutral, and proportionate rules designed to expand housing supply without distorting competition.

The INREV Debt Vehicles Universe publication is designed to provide more transparency and highlight the latest trends in the Global Debt Vehicles market.

Harrison Street partnered with Maastricht University to address the challenge of measuring the “S” in ESG across senior living and student housing assets. Together they developed a social performance rating tool with over 40 indicators across residents, workers, building management, and community. Used by more than 60 properties, the scorecards provide benchmarks and actionable guidance to improve tenant experience and operational outcomes. Early analysis, validated by MIT, shows positive links between social initiatives and NOI, creating a replicable model for measuring and enhancing social value in real estate.

The a.s.r. Dutch Core Residential Fund, focusing on affordable, energy-efficient housing, and the a.s.r. Dutch Science Park Fund, supporting innovation ecosystems in science parks, both aim to deliver measurable social and environmental benefits alongside financial returns. They adhere to recognised standards such as GIIN and INREV. Key results include improved housing affordability and enhanced scientific collaboration infrastructure, ensuring intentional, measurable, and additional impact.