Bouwinvest Real Estate Investors is committing € 100 million to a strategy that targets different sectors in the Nordics, including affordable rental housing for middle-income families, care homes and logistics.
The investment is being made on behalf of Bouwinvest’s client bpfBOUW and is being executed with local partner NREP, the pan-Nordic real estate manager.
The capital will be used to build a new portfolio in the coming years and has been partly seeded, predominantly with an existing logistics portfolio, a Bouwinvest spokesperson explained.
Bouwinvest said that the deal exemplifies its strategy of investing in real estate sectors which stand to benefit from long-term demographic change and consumer megatrends.
Nordics short of affordable mid-income rental housing
The firm also said in a statement that the Nordics have a shortage of affordable rental housing for middle-income earners, while ageing populations are increasing demand for healthcare facilities and the logistics sector is benefiting from the growth in e-commerce.
“We aim to grow our assets under management in Europe for our client bpfBOUW to €1.8 billion by the end of 2023 and will focus our efforts on creating value in both financial and social,” said Bouwinvest director of European investments Robert Koot.