Vesteda Review 2018: bolstered position in core regions and mid-market segment of the Dutch residential market
Last year was in many ways a very dynamic year. It was a year in which we took major steps towards the realisation of our strategic objectives. For example, we have considerably increased the size of our portfolio and our exposure to the mid-rental segment and core regions and slightly improved the overall tenant satisfaction. We have also invested heavily in making our portfolio and fund more sustainable. At the end of 2018, 84% of our portfolio had a green energy label and we improved our GRESB score to the maximum of five stars. However, 2018 was also a year in which we saw the availability of residential properties in the Netherlands’ major cities come under increasing pressure, and a year in which the Dutch government’s new Climate Agreement expressed the ambition to disconnect the entire Dutch housing supply from natural gas by 2050.
Vesteda is a residential investor and landlord that focuses on sustainable and affordable homes in the mid rental segment. Vesteda invests funds for institutional investors, such as pension funds and insurance companies. The portfolio consists of nearly 28,000 residential units with a total value of 9 billion euro. The homes are mainly located in economically strong regions and core urban areas in the Netherlands.