Syntrus Achmea Real Estate & Finance has received another three mandates for their real estate investment funds from its parent company Achmea. The mandates have a combined value of 177 million euro.
Last year, Syntrus Achmea received a mandate of 165 million euro from Achmea for the Achmea Dutch Residential Fund (ADRF). That mandate will now be increased by 32 million euro. The Achmea Dutch Retail Property Fund (ADRPF) and the Achmea Dutch Health Care Property Fund (ADHCPF) have received new mandates of 83 and 62 million euro respectively.
‘These mandates prove that Achmea is fully behind the course that we are pursuing with our real estate funds,’ says Arthur van der Wal, chairman of Syntrus Achmea’s board of directors. ‘We can use these extra resources to accelerate the implementation of our strategy, aimed at further growth and sustainability in promising regions. That is good news for all the participants in our funds.’
Residential property fund ADRF has a portfolio of 1.1 billion euro, with another 300 million euro in the pipeline. The focus is on mid-range rental properties in the Randstad, cities in Brabant and the Arnhem-Nijmegen region. The vast majority of the portfolio (93 per cent) already has a green energy label.
Retail fund ADRPF has a portfolio of 806 million euro (including the pipeline). The fund focuses on prime locations in shopping cities and neighbourhood centres in popular locations. The portfolio for healthcare real estate fund ADHCPF is 421 million euro (including the pipeline). The fund, voted the most sustainable healthcare real estate fund in the world last year, aims to grow to at least 800 million euro in the coming years.
Photo: West Beat, mixed-use in Amsterdam, part of the pipeline of the ADRF