Dutch pension fund ABP has committed €350m to developing affordable, sustainable housing for students and young professionals in the Netherlands.

The investment, made alongside partner Rockfield, is expected to support the construction of more than 2,000 homes across Dutch student cities in the coming years through the newly established Student & Starter Social Living Venture (SSLV).

ABP said the investment forms part of its wider strategy to support the Dutch housing market while generating stable long-term returns for members.

ABP chairman, Harmen van Wijnen, explained that investing in affordable housing for students and first-time buyers would help address housing shortages and improve mobility across the housing market.

“By investing in affordable housing for first-time buyers and students, we realise stable long-term returns for our members and contribute to alleviating the housing shortage,” he stated.

“When young people can find a place of their own, and consequently more people end up in suitable housing, movement is created throughout the entire chain.

“This investment fits our strategy to invest in projects that make the Dutch housing market healthier and more resilient.”

The residential complexes will include private living spaces alongside shared facilities for studying, sports and social activities.

ABP said each complex would also include a community manager responsible for organising activities and supporting resident wellbeing and social connection.

The pension fund added that the majority of the homes would fall within the lower- and middle-market segments and be developed to high sustainability standards.

According to ABP, the projects are intended to deliver energy-efficient and climate-resilient housing suitable for long-term use.

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