Investments in quality and sustainability
We actively pursue and execute opportunities to create value in existing assets. We do this through renovations and measures to improve the quality and sustainability. This generally involves outdated, yet attractive assets at good locations, which we transform into future-proof, sustainable and affordable product. This results in increased reversionary potential, lower future operating costs and a lower risk profile of our assets. In 2022, we completed five projects with a total of 539 residential units.
Completed renovations in 2022
Residential building | Location | Number of units | Type | Previous energy label | New energy label |
Westkapellelaan | The Hague | 96 | Multi-family | G | B |
Schuilenburg | Amersfoort | 116 | Single-family | E | A |
New Amsterdam | Amsterdam | 171 | Multi-family | A | A |
Klaverhof | Alphen aan den Rijn | 85 | Multi-family | D | B |
Egelantierstraat | Badhoevedorp | 71 | Single-family | D | A |
Total | 539 |
Moreover, we are currently renovating or preparing the renovation for three additional projects with a total of 211 residential units.
Committed renovation pipeline at year-end 2022
Residential building | Location | Number of units | Type | Current energy label | New energy label |
Kluizeweg | Arnhem | 60 | Multi-family | E | A |
Botter | Hoorn | 64 | Single-family | D | A |
Tuindorp | Utrecht | 87 | Single-family | F | A |
Total | 211 |
In addition to the committed renovation pipeline, another 11 projects with approximately 1,300 residential units are currently in the initiative or design phase to be renovated in the near future. The total renovation pipeline will take us to our portfolio target of 99% green energy labels by year-end 2024 and our new 2030 targets, aiming to outperform Paris Proof by 2050 or earlier.