Performance on quality
Acquisitions totalled around € 162 million in 2022, below the Fund’s original target of € 225 million. The Fund acquired a total of 310 apartments and 50 houses, with 288 (80%) of these homes in the affordable segment.
Performance on affordability
The Fund believes the best way to maximise its positive societal impact is to invest in more affordable mid-rental segment homes and to keep the current housing stock affordable.
Performance on sustainability
Last year, the Fund developed the new ESG Framework, which explicitly defines all elements related to ESG for the Fund.
The Fund realised a total return of 0.6% in 2022, consisting of a 1.9% income return and -1.3% capital growth. Net rental income, administrative and finance expenses were the main drivers for the income return.