Skip to website navigation Skip to article navigation Skip to content
Annual Report 2024
directly to annual report
download PDF

At home with Vesteda

Message from the Management Board

Dear stakeholders,

We are pleased to present you with our annual report 2024, in which we describe the key developments and account for our financial and ESG performance.

Vesteda’s operational performance as well as portfolio revaluations were strong, resulting in an outperformance of the three-year MSCI benchmark. We are proud that our continuous commitment on the ESG front was recognised. We were once again named Global Sector Leader Residential by GRESB, and we have further increased our tenant satisfaction score, outperforming the benchmark and ending best in class on almost all aspects.

Read more

Our portfolio

Pipeline

De Kuil - Rotterdam

Additions to the portfolio

Binck Poort – The Hague
The Ox – Amsterdam
New Brooklyn – Almere

Facts and figures

Tenant satisfaction
7.3

Ambition to become the best landlord in the Netherlands

Pipeline
637 units

Adding affordable homes to our portfolio

Total expense ratio
33 bps

Internally managed fund with efficient cost structure

Leverage
25.6 %

Average interest rate: 2.5% Solid funding structure

Credit rating
A -

Rated by Standard & Poor's Attractive risk profile

Sustainability
★★★★★

5 stars GRESB rating

Committed to remaining a top player in the field of sustainability

Go to annual report 2024
Back to top
Download pdf 2024
Number of units

80

Year of completion:

2025

Extra information

This complex consists of 120 apartments across three buildings at De Kuil in Parkstad, Rotterdam, with six commercial spaces on the ground floor and 45 parking spaces. Two blocks include commercial units, creating a dynamic mix of living and working. The area features courtyard gardens and terraces for socialising and relaxation. Many of the two-person apartments have affordable regulated rents, with some prioritised for key workers such as teachers, healthcare professionals, and police officers.

De Kuil
Number of units

205

Quarter of completion

Q2 2024

Extra information

In this Vesteda project, living, working, and hospitality are harmoniously integrated. The new development consists of 205 homes, with 30% designated as social housing, 20% as regulated mid-segment rentals, and 50% as free-market rentals. Binck Poort offers over 4,500 m² of commercial space, including hospitality venues. This will be located along the Binckhaven waterfront and in the standalone Van Klingeren Pavilion. Vesteda prioritizes the allocation of apartments to key workers, such as healthcare professionals, teachers, police officers, and firefighters.

Binck Poort – The Hague
Number of units

168

Quarter of completion

Q1 2024

Extra information

The Ox is a sustainable, energy-efficient building with 168 rental apartments, including 134 mid-market and 34 free-sector units. To support housing flow in Amsterdam, Vesteda prioritized residents from Nieuw-West and those leaving social housing, freeing up homes for lower-income renters. Key workers in healthcare, education, police, and fire services also received priority, with one-third of new tenants working in these fields. Additionally, friends and colleagues could apply for ‘Friends’ apartments to share housing costs. Nearly all mid-market rentals were allocated to priority candidates.

The Ox – Amsterdam
Number of units

167

Quarter of completion

Q2/Q3 2024

Extra information

New Brooklyn is a newly developed district in Almere Poort, featuring 1,400 homes. In Downtown, Vesteda offers 167 brand-new free-sector rental homes, including spacious family houses, modern apartments, and contemporary maisonettes, which are being released in phases.

New Brooklyn – Almere