ABP Will Invest 1 Billion Euros in the Construction of New Rental Homes. The Pension Fund is Doing This Because “The Housing Shortage in The Netherlands Remains High,” Says ABP Chairman Harmman van Wijnen.
ABP, The Largest Pension Fund in The Netherlands, Will Collaborate with Asset Manager CBRE Investment Management. With A Starting Capital of 350 Million Euros, They Want To Invest 1 Billion Euros in More Than Three Thousand Affordable and Sustainable Rental Homes In The Mid Segment about The Next Five Years.
The First 121 Rental Homes Will Be Located In The New Utrecht City District of Cartesius. In The Coming Months, The Collaboration Intends to Invest in Approximately Seven Hundred New Rental Homes.
Accordance to van Wijnen, Many Participants in the Pension Fund Are Trapped in A Tight Housing Market. “By Investing in Affordable Rental Homes, We Are Doing What ABP stands for as a long-term Investor: Building Together a Good Pension in A Livable World,” Says the Chairman.