Blackstone – Our Investments in the Dutch Housing Market
MARCH 9, 2021
Blackstone is a global investment business investing capital on behalf of public and private sector pension funds, insurance companies, university endowments, institutions and individuals. In particular, our investments help support the financial security of tens of millions of retirees across the world, including in the Netherlands.
Our mission is to create long-term value for our investors through the careful stewardship of their capital. We invest across the alternative asset classes in private equity, real estate, credit, and hedge funds as well as in infrastructure, life sciences, insurance, and growth equity. Our efforts and capital grow hundreds of companies and support local economies. Currently, our portfolio companies in the Netherlands directly employ over 3,200 people across the country.
Blackstone’s investments in the Dutch housing market explained
Blackstone is committed to providing sustainable, high-quality and professionally managed rental housing in the Netherlands.
We believe our investments contribute to local economic growth through taxes and job creation. Our European Core+ Strategy has invested over €60 million to date to create value by substantially renovating and improving the sustainability of our properties in the Netherlands. 70% of these properties are over 100 years old and have not been invested in for decades.
This includes investing in foundation work, roof and wall insulation, double glazing, and replacing lead plumbing, heating and electrical systems. The full renovations target a A or B energy certificate, helping to support the Netherlands’ sustainability goals.
Since we entered the Dutch housing market, no income has been distributed to Blackstone’s investors. 100% of all income has been reinvested directly back into our funds’ properties.
For any media enquiries please contact: [email protected]