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| Bart Hostens of Belfort Fund Management BV, a fund manager at the marcus evans Elite Summit 2015, on why investors should consider elderly rental properties in The Netherlands. |
LONDON, May 1, 2015 - (ACN Newswire) - "There is a huge market gap for professionally managed elderly rental properties in The Netherlands," according to Bart Hostens, Managing Director, Belfort Fund Management BV. By 2040, 26 percent of the population will be 65+ and renting will be a particularly attractive option for them for different reasons, he says.
Belfort Fund Management BV is a fund manager at the marcus evans Elite Summit 2015, in Montreux, Switzerland, 18 - 20 May.
- What demographic trends do you project for The Netherlands?
The largest group of the Dutch population is aged between 40 and 66 years. With 6.4 million inhabitants this category amounts to 38 percent of the total population. These people form the majority of the post-war baby boom generation, born between 1946 and 1970. The combination of the figures of the National Dutch Compass and forecast figures from Statistics Netherlands predict a huge shift forward in the next 25 years. In 2040, 26 percent of the population will be 65+. On 1 January 2013, this was still 17 percent. By around 2040, the number of 65+ people will grow from 2.7 million in early 2012 to 4.7 million in 30 years.
- What are the investment opportunities that take advantage of this shift? Why is serviced housing for the elderly attractive?
There is a relatively large market for rental properties in The Netherlands. The income and wealth of the elderly target group has improved over the past two decades. In 2010 elderly people had on average 26 percent more income than the elderly in 1990. The average income of the elderly during the same period increased 18 percent more than the average income of households younger than 65. Approximately 40 percent of the elderly have net-savings of over EUR 200,000.
More importantly, each year four to five percent of the target group is willing to move to a new home, and they usually choose a good rental home. This because of the well-regulated social rental sector by the cooperative system which gives limited access to the higher income target groups.
So there is a relatively large market for rental properties in The Netherlands. However, there are large regional differences. The majority of the demand is focused on small-scale apartment complexes in good neighbourhoods, preferably in or near the town or city where they already live.
- Why is renting a particularly attractive option for older people?
Renting is a particularly attractive option because they can change their living situation quickly depending on their circumstances (health and need for care), and have the freedom to use their assets, which may have otherwise been tied up in their house. Service flats therefore have a huge potential. During the coming years there will only be a very limited access to social housing for income groups of more than approximately EUR 34,000. That means that these groups will have to rely on the private rental sector. What's more, service flats are often situated in attractive, favourably positioned locations. This makes service flats attractive investment properties.
- What are some of the risks associated with this fund? What advice do you have for mitigating or managing these risks?
Besides the general market risk and default risks associated with bondholders, the following specific risks need to be mentioned: liquidity risks, interest payment risks, scale risks, risk amending legislation, vacancy risks, rental risks, debtor risks and acquisition risks. These risks can and will be mitigated by the ultimate property selection for (small) apartment complexes with services and care arrangement that are located in the right locations, both at the macro level (in the appropriate regions and cities) and micro level (in the best neighbourhoods). Combined with professional facility management this property selection will help to manage all mentioned risks.
About the Elite Summit 2015
The Elite Summit is the premium forum bringing top tier buyers and sellers together. The Summit offers the independent advisors of wealthy private investors and international fund and asset managers an intimate environment for focused discussion of the key new drivers shaping wealth management asset allocations. Taking place at the Fairmont Le Montreux Palace, Montreux, Switzerland, 18 - 20 May 2015, the Summit includes presentations on creating solid family succession, ensuring regulatory compliance, bridging the generation gap and delivering steady returns in times of uncertainty.
For more information please send an email to press@marcusevanscy.com or visit the event website at www.elitesummit.com/BartHostensInterview
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The Investment Network - marcus evans Summits group delivers peer-to-peer information on strategic matters, professional trends and breakthrough innovations.
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Please note that the Summit is a closed business event and the number of participants strictly limited.
About Belfort Fund Management BV
Belfort Fund Management BV is specialised in Boutique Fund Management. With over 30 funds under management we cover a broad spectrum of services. Real Estate Funds in the Netherlands and Germany, Hedge Funds and Private Equity Funds in the Shipping Fund Industry belong to our expertise. We act under AIFMD license from our Dutch headquarters.
Actually, we are sourcing funds for Belfort Retirement Estate Fund NV, our latest fixed income product. Secured investment in attractive Real Estate with a scope on serviced housing for the elderly. Our professional team of experts facilitate in-house fund administration, asset management and private equity deals. www.belfortgroup.eu.
Contact:
Sarin Kouyoumdjian-Gurunlian
Press Manager, marcus evans, Summits Division
Tel: +357 22 849 313
Email: press@marcusevanscy.com
Topic: Trade Show or Conference
Source: marcus evans Summits
Sectors: Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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