The Dutch civil service scheme ABP and CBRE Investment Management have announced a €350 million investment in new rental flats for pensioners.
The commitment follows two earlier investments to the pair’s residential housing venture over the past year, bringing the total investment to €1.25 billion.
ABP partnered with CBRE IM in May last year to invest in housing in the Netherlands.
The residential development-led mandate’s initial commitment included a co-investment from CBRE IM with a plan to grow the portfolio to €1 billion within five years and deliver more than 3,000 units.
Source: realassets.ipe.com on the 8th of April
https://realassets.ipe.com/news/abp-and-cbre-invest-350m-in-senior-rental-housing/10136102.article