Bouwinvest finds four investors for Senior Living Impact Fund

Pensioenfonds PostNL, Stichting Pensioenfonds voor Personeelsdiensten (StiPP), Pensioenfonds TNO and ING bank have kicked off investments in the newly raised Bouwinvest Senior Living Impact Fund with a € 130 million investment. Wealth manager Van Lanschot Kempen advised the three pension funds on this investment. The fund, which is open to other investors, is focused on realising impact via senior housing in the Netherlands.

The Senior Living Impact Fund is a core, open-end SFDR Article 9 investment fund that focuses on realising high-quality and sustainable senior housing in the Netherlands. The fund contributes to solving societal challenges with clear impact goals and measurable KPIs, while also striving for stable long-term returns.

The fund invests in assisted living, private residential care and intramural living complexes across the Netherlands. Through their participation, investors are helping to solve societal problems. Firstly, they are investing in appropriate, healthy and sustainable housing for seniors, which contributes to their independence, safety and well-being. Secondly, this also stimulates mobility in the housing market: when seniors move to suitable housing, homes are freed up for starters and young families. The government estimates that 290,000 extra suitable homes will be needed in the Netherlands In the period to 2030. This is an urgent need to which the fund is making a measurable contribution.

Maya Savelkoul, Fund Manager, says: “After the Dutch Impact Partnership, which we started with the ABP and bpfBOUW pension funds, I’m incredibly proud that we have now launched a second impact product. These first investors really want to make a difference in the Dutch assisted living market. In the coming years, we want to continue to expand this fund and be actively searching for new institutional investors who support this social ambition.”

Jorrit Arissen, Co-Head Real Estate at Van Lanschot Kempen, says: “We have seen an increasing number of institutional clients who are expressing a desire to have an impact close to home, within different investment categories. By working together, we can make solutions accessible within different asset classes. This allows our clients to realise both their social and investment ambitions through targeted allocations to impact-driven strategies within alternative investment categories. This co-creation with Bouwinvest is a great example of how one can realise local impact within a real estate allocation. The common goal is to contribute to the significant shortage in housing for seniors in the Netherlands.”

Elena Kalthoff, director ING Social Impact, notes: “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. Homes that have been designed with an eye to their care needs allow seniors to live independently for longer, which helps them stay healthy and happy and so reduces pressure on the healthcare system. As the bank with the largest number of private customers, we are proud that we can make a difference for the Netherlands on this important issue.”