Investments in quality and sustainability
We continued to actively create value and add quality in our existing portfolio, via renovations and sustainability improvements of selected assets. This usually entails transforming outdated but promising assets in favourable locations into future-proof, sustainable, and cost-effective assets. This enables us to realise a higher reversionary potential, reduced future operating costs, a lower risk profile for our assets and a reduction in energy demand and increased quality and comfort for our tenants. In 2023, we successfully completed two renovation projects comprising a total of 124 residential units.
Completed renovations in 2023
Residential building | Location | Number of units | Type | Previous energy label | New energy label |
Botter | Hoorn | 64 | Single-family | D | A |
Kluizeweg | Arnhem | 60 | Multi-family | E | A |
Total | 124 |
Moreover, we are currently renovating or preparing the renovation for three additional projects with a total of 287 residential units.
Committed renovation pipeline at year-end 2023
Residential building | Location | Number of units | Type | Current energy label | New energy label |
Tuindorp | Utrecht | 87 | Single-family | D | A |
Bors van Waveren | Amstelveen | 95 | Single-family | F | A |
Schippersmeen | Harderwijk | 105 | Single-family | C | A |
Total | 287 |
In addition to the committed renovation pipeline, another ten projects with approximately 1,000 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 2050 or earlier.