23 September 2024 | 3 min.
a.s.r. real estate and BAM Wonen have signed an agreement to upgrade 69 dwellings in Houten dating from 1982 to Paris Proof standards. Following sustainability enhancements, the dwellings will achieve a minimum energy rating of A+++, up from the current average of D, and will meet the Paris Proof criteria. The outcome will be CO2-neutral dwellings, which means residents can enjoy lower energy bills and increased living comfort. This represents the first time an institutional investor has made rental housing from the 1980s Paris Proof on this scale. The residential fund of a.s.r. real estate aims to ensure its entire residential portfolio is Paris Proof by 2045.
Each of the dwellings will be provided with an all-electric heat pump, a heat recovery system (HRS) and solar panels, among other things. They will also have improved insulation and be fitted with new roof tiles, casement windows, doors and modern glazing.
Recently, a.s.r. real estate and BAM Wonen unveiled the first pilot house in Houten. This property has served as a testing ground for Paris Proof sustainability measures over the past few months, giving tenants a firsthand look at what sustainable living means. Early results indicate that the average CO2 emissions of the dwellings in this district are lower than the Paris Proof targets. The pilot house will be used as a standard for the other dwellings.
Robbert van Dijk, Fund Director at ASR Dutch Core Residential Fund: “The built environment needs to prioritise sustainability improvements if it is to align with Paris Proof goals by 2050. We are happy to take our responsibility by exploring and investing in ways to enhance the sustainability of our current portfolio. The pilot home in Houten shows that there is scope to upgrade our existing properties to Paris Proof standards. Future-proofing these properties will significantly lower CO2 emissions while also improving living comfort for tenants without increasing their housing costs. This aligns with a surge in interest and focus on sustainability among our tenants.
Making our current portfolio more sustainable involves more than just technological solutions; it also requires market players, like letting agents and valuers, to acknowledge the added value of modernised properties built in this year. Using this blueprint, we can collaborate with other market players to enhance the sustainability of existing properties on a larger scale.”
Jasper Blanken, Director of Sustainability at BAM Wonen: “We’re excited to acknowledge this key milestone in our long-term collaboration with a.s.r. With this innovative sustainability solution, we are fast-tracking the energy transition and proving that high-quality sustainability and affordability can go hand in hand.”
In 2020, a.s.r. real estate signed the Paris Proof Commitment of the Dutch Green Building Council. The ASR Dutch Core Residential Fund aims to have a Paris Proof portfolio by 2045. To achieve this, the Fund has drawn up a Paris Proof roadmap with the help of the CRREM tool.
This is a marketing communication. Please consult the prospectus of the funds listed before making an investment decision. Any decision to invest in the promoted funds must be preceded by a consideration of all features and goals of the promoted funds, as set out in the prospectus of the fund in question. The prospectus and all further information on the sustainability aspects of the promoted funds are available at investments.
a.s.r. real estate is manager of investment institutions and listed in AFM’s register.
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