Achmea Real Estate has been an investment manager specialising in real estate for over sixty years. We create sustainable value for our clients, contribute significantly to a healthy living environment and are at the heart of society with our real estate portfolio. In close cooperation with other Achmea divisions, we strive for a society in which people live together sustainably.
For institutional clients
Achmea Real Estate purchases and (re)develops real estate on behalf of pension funds and other institutional investors. They participate in our real estate funds or have their own portfolio through a separate account. We cooperate with municipalities, developers, housing corporations and care institutions and keep an eye on new trends and developments. We actively manage our clients’ portfolios. This ensures a better return, both socially and financially.
Shaping a sustainable future with real estate
Our vision is that investment management should contribute to a sustainable future. Our mission is to invest in real estate with high social value and an appropriate financial return. In doing so, we work for our institutional clients (and their customers) to ensure a good income for now, the near future and the longer term. In a sustainable, attractive living environment. Achmea Real Estate is part of the Achmea Group, one of the largest financial service providers in the Netherlands. With 200 employees, we manage approximately €12 billion (HY 2024) in residential, retail and healthcare real estate investments.
Sector forecasts
Residential
Dutch rental housing continues to be a cornerstone of institutional real estate portfolios. Structural housing shortages, driven by population growth, smaller households and strong demand across all price segments, ensure low vacancy risk and stable long‑term returns. With interest rates stabilising and demand for both affordable and mid-market rental homes rising, direct income becomes an increasingly important performance driver. Regulation remains a factor, but clearer frameworks and continued demand support a healthy investment climate. The need for sustainable and age‑appropriate homes is substantial, offering opportunities for investors to contribute to major societal challenges while achieving stable financial and social returns. Investments in new-build and upgrading existing stock—particularly improving energy performance—are expected to grow strongly in the years ahead.
Retail
The Dutch retail market has entered a new phase of recovery and selective growth. After pandemic-driven disruptions and a surge in online shopping, footfall and rental activity in major cities have rebounded strongly. Convenience retail remains exceptionally resilient, supported by stable consumer demand and the essential role of supermarkets. At the same time, prime high streets see renewed momentum as retailers expand omnichannel strategies and invest in experience-driven formats. Improved financing conditions and rising investor confidence have reopened the market for larger district centres, though selectivity remains essential. With stabilising valuations, stronger tenant demand, and retail’s proven inflation-hedging qualities, the sector provides a solid foundation for long-term value creation.
Healthcare
Healthcare real estate continues to stand out for its stability, low economic sensitivity, and strong social relevance. Demographic ageing, labour shortages in care, and the policy focus on ageing‑in‑place drive sustained demand for both intramural and extramural care locations. Rental income is anchored in long-term, often inflation‑linked contracts, resulting in robust and predictable returns. Upgrading outdated stock and developing new clustered living concepts present significant investment opportunities, reinforced by the rising need for suitable senior housing and modern primary care facilities. Diversification across lifetime‑adaptable housing, nursing homes, and curative care centres makes the segment both resilient and strategically attractive for institutional investors.
ESG
Achmea Real Estate opts for sustainable investments with high social value and an appropriate financial return. An ambitious ESG (Environmental, Social and Governance) policy is indispensable for this purpose. It is about making clear choices with specific objectives.
We updated our ESG strategy in 2023, following consultations with internal and external stakeholders. Given the pace of change in the world, the real estate sector and our organisation, it was time to revisit our strategy and refine our objectives. We look forward to engaging with you to create a sustainable, attractive living environment together.
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Disclaimer
Achmea Real Estate B.V. is a private company with limited liability, with its statutory seat and registered office in Amsterdam (Chamber of Commerce no. 33306313). Achmea Real Estate is an investment manager specialised in solutions for individual and collective investments in real estate.
Achmea Real Estate is authorised by the Netherlands Authority for the Financial Markets pursuant to section 2:65 sub a of the Dutch Financial Supervision Act (Wet op het financieel toezicht, ‘Wft’) to manage alternative investment funds and provide the investment services portfolio management and investment advice for professional investors within the meaning of section 1:1 Wft.
The information in this document is solely intended for professional investors and is for orientation purposes only. It does not constitute a proposal or an offer to subscribe to an investment fund or to acquire or obtain financial instruments, individual investment advice or other financial services in any other way, nor is it intended to serve as the basis for any investment decision.
No guarantees or statements are given concerning the accuracy and completeness of the information. No rights can be derived of the information, recommendations and calculated values provided. The information contained in this document is indicative only, may be subject to change and may be changed without further notification. The value of investments may fluctuate. Results achieved in the past offer no guarantee for the future. All information contained in this document is owned by or licensed to Achmea Real Estate and is protected by intellectual property rights.
