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Bouwinvest to commit €1bn to RE funds

The Dutch investment manager will increase investments in third-party funds and listed property companies to boost the €2.7 billion global portfolio it manages on behalf of the Dutch Construction Workers Pension Fund.

Bouwinvest Real Estate Investment Management, the Dutch real estate fund and investment manager, plans to commit €1 billion to real estate fund managers and property companies over the next few years.

The firm, which manages capital on behalf of the Dutch Construction Workers Pension Fund, will invest larger stakes in fund managers and listed firms to give it more influence over their strategies, while at the same time as allocating more capital outside of the Netherlands, according to Stephen Tross, Bouwinvest’s managing director.

“Bouwinvest’s international portfolio produced a stellar 19.5 percent investment return last year and we intend to build on that successful track record,” Tross said.

The €1 billion is expected to come from both new contributions from the pension fund as well as maturing fund holdings over the next few years. In order to put this money to work, the firm has made some personnel changes.

Cathelijne Martin has been promoted from portfolio manager to regional manager of Europe while Robert Koot has moved from head of research to portfolio manager of Europe and North America.

Martin replaces Jeroen Winkelman, who will join TH Real Estate in London in September. She will be responsible for the management and the growth of Bouwinvest’s portfolio of investments in European non-listed real estate funds, and will also join the company’s investment committee and senior management team.

Back in April, Private Equity Investor's sister publication PERE was able to sit down with Koot and other real estate professionals to discuss the Dutch property market.

Koot highlighted the Dutch residential sector as a focus in the coming years for Bouwinvest. Aside from residential, Koot said that many investors will have an eye on Dutch retail too, particularly in cities like Rotterdam, The Hague and Utrecht.