Amvest is a leading fund manager and developer of homes and residential areas in the Netherlands. This combination of activities across the entire value chain ensures higher quality and therefore a higher return from property assets in its funds, as well as specialised knowledge of the Dutch housing market in every area of the organisation.
Amvest was created in 1997 from the merger of the Dutch property units of the pension fund Zorg & Welzijn (PfZW) and AEGON, the insurer. The company manages four funds: the Amvest Residential Core Fund, the Amvest Residential Dynamic Fund, the AEGON portfolios and the Amvest Living & Care Fund. Amvest is also fund manager for a number of smaller residential investment funds.
At the end of Q2 in 2016, the funds had approximately 20,000 homes under management. The total value of the assets under management was EUR 3.4 billion. From 1997 to 2015, Amvest delivered a total annual return of on average 8.6% on the ARC Fund and ARD Fund and its predecessors (at year-end 2015 8,915 homes with a market value of EUR 1.7 billion). It outperformed the IPD index (8.1%) by 0.5%.
Amvest is engaged in the development of residential properties and residential areas in strong economic areas in the Netherlands. These areas show the strongest economic growth, highest quality of life, and greatest population density in the country, which together produce a solid housing market.
Amvest is a compact organisation with decisive management. We have the experience and vision that enable us to manage highly complex processes. Our specialists are well versed in all important aspects of the Dutch housing market. Our attention is first focussed on tenants and purchasers. Their wishes and needs are becoming more increasingly individualized. Amvest has responded creatively to change. This is thanks to the knowledge of our specialists, our strong financial basis, the ability of our compact organisation to act decisively and to innovate, as well as our commitment for the long-term. Our strategy, which includes both development and the implementation of portfolio management, follows from a unique core value.
Amvest’s management team: Wienke Bodewes (CEO), Tak Lam (CFO), Wim Wensing (Director Investment Management), Heleen Aarts (Director Area Development), and Léon Heddes (Director Property Development).
Area and Property Development
Amvest’s interest is with urban development. We want to create attractive, sustainable residential areas. These areas must have high quality combinations of living, working, and recreation. These are places where it is good to live now and in the future.
Our efforts are aimed particularly at the development of complete house-building programmes that offer attractive, lively and sustainable living environments. These provide residents with a good mix of living, working and recreation. Residents reflect a varied socio-economic make-up and enjoy a well thought-out spatial layout. We remain involved in the areas we develop for the long run. This is one more way that we are able to monitor an area’s longer horizon for economic, ecological, structural, and social sustainability.
Amvest develops homes both to be sold and to be let. Municipal areas benefit from programmes that are mixed in terms of function and type of ownership. The homes we develop are based on the wishes and needs of their residents. This is one reason why we have been able to develop areas and homes in which people feel at home and want to live. We offer engaging design, attractive floor plans and good outside spaces. And then we go even further by the use of technologies that improve comfort while reducing energy consumption and environmental burden.
Amvest Investment Management operates as a fund manager for three residential investment funds: the Amvest Residential Core Fund, the Amvest Residential Dynamic Fund and the AEGON portfolios. These funds have been joined by a healthcare fund, the Amvest Living & Care Fund. Amvest is also the fund manager for a number of smaller residential investment funds. Amvest also allows third parties to take advantage of its knowledge and years of experience when it comes to managing residential portfolios. We get together with the client to look for tailored solutions for the management of funds, portfolios and assets.
Amvest enforces internal codes of conduct for management and staff set out in the Amvest business code. The Amvest business code singles out core values such as integrity, respect and teamwork. The Amvest organisation also maintains an effective internal complaints procedure.
Amvest is member of the Association of Institutional Real Estate Investors in the Netherlands (IVBN) and the Netherlands Association of Real Estate Developers (NEPROM). In addition to its own Amvest business code, it complies with the codes of conduct that apply to members of these associations.
Amvest believes that the property sector can contribute to making the constructed environment more sustainable. Investment in sustainable areas and houses leads to a higher return.
Amvest has a sustainability strategy for both project and area development and the management of our houses.
Amvest aims for sustainability in the broadest sense for the development of areas and projects. This implies creating attractive, lively and thus sustainable areas. Areas that are correct in a socio-economic sense are well-constructed in a physical-spatial sense and can be properly financially exploited. It goes without say that sustainable and environmentally friendly materials are used. The reduction of CO2 emissions, energy consumption, water consumption and the environment play an important role in the development and management of our houses. We draw up a plan of action to further improve the sustainability of our existing housing stock on an annual basis.
Amvest sees sustainability as a joint interest with a specific responsibility for all parties in the real estate chain. For this reason we expect a pro-active contribution from our contracting parties to realise our objectives. In turn, we inform our customers (buyers and tenants) on how they can use their sustainable homes as efficiently as possible.
Amvest is a member of the Dutch Green Building Council, the Sustainability Committee of the NEPROM (Association of Dutch Property Developers) and the Sustainability Taskforce of the IVBN (Dutch Association of Institutional Property Investors). Furthermore, Amvest participates in sustainability platforms and the GRESB benchmark.