Vesteda redemption volume set at € 765 million and fund terms amended
Amsterdam, 26 June 2026 – Vesteda’s shareholders have set the volume of redemption requests at € 765 million[1]. At the same time, Vesteda has agreed to amend its fund terms: while investors previously had the option to reduce their holdings once every seven years, they will now be able to do this on an annual basis, while Vesteda will make liquidity available on a best-effort basis for 7.5% of the fund’s equity per year. This was decided at an extraordinary general meeting held on 26 June.
On 2 March of this year, Vesteda announced that investors had submitted indicative redemption requests totalling € 4.1 billion in the Vesteda Residential Fund. In the period that followed, Vesteda worked in close and constructive consultation with investors to ensure the redemption process was managed carefully and to amend the fund terms.
Amendment of the fund terms
The amended fund terms now enable investors to submit a redemption request once a year. Vesteda will make liquidity available for 7.5% of the fund’s equity on a best-effort basis each year.
The amendment to the fund terms introduces a different dynamic to the existing demand for liquidity. As this is an ongoing annual process, investors will now be in a better position to respond to their liquidity needs, market conditions and the investment climate, while Vesteda will continue to invest in its residential portfolio.
Astrid Schlüter, Vesteda CEO: “The amendment to the fund terms is in line with what investors can expect from an open-ended residential real estate fund. The unanimous support for this amendment confirms our investors’ confidence in the fund’s long-term strategy and our role in the Dutch housing market. Vesteda thereby reaffirms its strong position as a long-term partner for institutional investors looking to invest in sustainable Dutch rental properties.”
Solid starting position for careful implementation
Vesteda’s financial position provides a solid foundation for the implementation of the new fund terms. The portfolio value stood at approximately € 10.8 billion in the first quarter of 2026. In addition to this, sustainability remains a key component of Vesteda’s strategy.
Vesteda will make liquidity available on a best-effort basis, utilising a range of instruments, such as the sale of properties, raising new debt and refinancing existing debt, adjusting the dividend pay-out and by attracting new investors.
In its efforts to finance the redemption requests, Vesteda will at all times comply with the applicable financing covenants and other terms and conditions (including the terms of its bonds and private borrowings).
In June, Vesteda successfully extended its € 300-million bridging loan by one year. This extension provides Vesteda with sufficient liquidity to repay the bonds and private loans maturing in the coming year in a timely manner. Furthermore, Vesteda has no repayment obligations on its bank borrowings for the next two years.
About Vesteda
Vesteda is a residential real estate investor and landlord focusing on sustainable and affordable homes in the mid-market rental segment. Vesteda invests funds from institutional investors, such as pension funds and insurers. Its rental portfolio currently comprises approximately 28,000 homes with a total value of € 10.8 billion. Vesteda’s properties are mainly located in economically strong areas and metropolitan regions in the Netherlands.
This press release contains inside information within the meaning of Article 7(1) of EU Regulation No 596/2014.
[1] The figure of € 765 million is based on the equity of the Vesteda Residential Fund as at 31 March 2026, calculated on the basis of the number of units being redeemed.