Investments in quality and sustainability
We continued to actively create value and add quality to our existing portfolio, via renovations and sustainability improvements of selected assets. This usually entails transforming outdated yet promising assets in favourable locations into future-proof, sustainable, and cost-effective assets. This enables us to realise a higher reversionary potential, reduce future operating costs, lower the risk profile of the assets, reduce energy demand and increase quality and comfort for our tenants. In 2024, we successfully completed one renovation project comprising a total of 87 residential units.
Completed renovations in 2024
Residential building | Location | Number of units | Type | Previous energy label | New energy label |
Tuindorp | Utrecht | 87 | Single-family | D | A+ |
Total | 87 |
Moreover, in the first quarter of 2025, we completed two renovation projects of in total 200 residential units.
Committed renovation pipeline at year-end 2024
Residential building | Location | Number of units | Type | Current energy label | New energy label |
Bors van Waveren | Amstelveen | 95 | Single-family | F | A+ |
Schippersmeen | Harderwijk | 105 | Single-family | C | A+ |
Total | 200 |
In addition to the committed renovation pipeline, another five projects with approximately 500 residential units are currently in the initiative or design phase for renovation in the near future. These renovations contribute to a more sustainable portfolio, in line with our aim to outperform Paris Proof by 2045.