Vesteda

Van Lanschot Kempen acted as Sole Financial Adviser to Vesteda on the amendment of its fund terms and the management of its redemption volume

Transaction highlights

At the EGM held on 26 June 2026, Vesteda’s shareholders set the volume of redemption requests at €765 million and approved an amendment of the fund terms
On 2 March 2026, Vesteda announced that investors had submitted indicative redemption requests totalling €4.1 billion in the Vesteda Residential Fund. In the period that followed, Vesteda worked in close and constructive consultation with its shareholders to manage the redemption process and amend the fund terms
While investors previously had the option to submit a redemption request once every seven years, the amended fund terms now enable investors to submit redemption requests on an annual basis. Under the amended fund terms, Vesteda will make liquidity available each year for 7.5% of the fund’s equity on a best-effort basis
This shift to an ongoing annual process enables investors to better align their holdings with their liquidity needs, market conditions and the investment climate, while Vesteda will continue to invest in its residential portfolio
Van Lanschot Kempen advised Vesteda throughout this process of shareholder interaction, fund term amendments and liquidity planning

Vesteda is a residential real estate investor and landlord focusing on sustainable and affordable homes in the mid-market rental segment. Vesteda invests funds from institutional investors, such as pension funds and insurers. Its rental portfolio currently comprises approximately 28,000 homes with a total value of €10.8 billion. Vesteda’s properties are mainly located in economically strong areas and metropolitan regions in the Netherlands

Over the past five years, Van Lanschot Kempen has advised on more than 25 living real estate transactions with an aggregate volume of approximately €5 billion
Since 2015, Van Lanschot Kempen has advised on well over €3.5 billion in transactions for Vesteda, including approximately €1.2 billion in primary and secondary equity raises, as well as the €1.5 billion acquisition of the former Delta Lloyd portfolio
This transaction underpins our unique position in the Dutch residential real estate sector