Bouwinvest Residential Fund secures €200 million green revolving credit facility

The secured green RCF will support the Residential Fund’s long-term strategy of both rejuvenating and making its portfolio more sustainable in urban areas with structural demand for rental housing. The fund’s ability to absorb timing differences between disposals and new investments will enable it to continue to respond to projects that contribute to stable long-term returns, risk mitigation, and social value. This includes the realisation of homes in rental segments that are affordable for a broad group of middle-income earners in the Holland Metropole region.

“This facility increases our ability to seize opportunities immediately, while continuing to improve the quality and sustainability of our portfolio,” says Paul van Stiphout, Fund Manager Dutch Residential Investments at Bouwinvest. “For us, sustainability is not about idealism, but an essential part of risk management and value development. Armed with this RCF, we can continue to invest in future-proof homes.”

“On behalf of Bouwinvest, I would like to sincerely thank our partners - and Rabobank in particular - for the constructive cooperation that led to the realisation of this green credit facility,” says Tjeerd Renkema, Head of Finance at Bouwinvest. “For Bouwinvest, this transaction marks the next step in the optimisation of our capital structure, and we will continue to explore and develop its use and potential within our products.”

CBRE acted as debt advisor and advised the Bouwinvest Residential Fund on the conclusion of the credit facility.

Making the housing market more sustainable and keeping it affordable
Rabobank qualifies the credit facility as a green loan because three of the fund’s sustainable real estate properties (Het Dok, Sluishuis and Pontsteiger) serve as collateral for the loan. These properties all meet strict sustainability criteria (based on the EU Taxonomy) and are clear evidence of the portfolio’s focus on energy efficiency, low CO₂ emissions, and future-proofing.

“We are proud to support Bouwinvest with this green credit facility. The sustainable quality of the underlying homes and the Residential Fund’s long-term strategy are closely aligned with Rabobank’s ambition to not only continue to make the Dutch housing market more sustainable, but also to keep it affordable for future generations,” says Robbert van de Kar, European Sector Head Real Estate, and Robin Feijen, Director Corporate Lending, Construction & Real Estate at Rabobank.