Bouwinvest's Dutch residential, office and retail funds attracted a total of €364 mln in new institutional capital commitments in the second half of 2018, the asset manager has reported.
The capital was secured from existing and new institutional investor clients.
'The strong growth in capital commitments to Bouwinvest’s funds in the second-half of last year, show that more and more institutional investors are coming to appreciate the positive attributes of core real estate, including its relatively low risk, long-term stable returns and function as an inflation hedge, as well as the vital social impact role investment in bricks and mortar plays in our urban landscapes,' said Karen Huizer, director client management at Bouwinvest.
'These encouraging results take Bouwinvest closer to achieving its goal of reaching a total of €15 bn in invested capital by 2021,' Huizer added.
The office fund received a total of €223 mln from existing and new investors, with Dutch insurer Achmea Schadeverzekeringen the latest new name to inject capital in the fund. Bouwinvest's residential fund received €115 mln in commitments from existing and new investor clients, to grow its total invested capital to € 5.7 bn, while the office fund stands at €800 mln. Bouwinvest's retail fund reached €1.0 bn by year-end 2018, with one of its existing investors raising its commitments by €26 mln.