Rabo Farm launches new institutional fund for investments in farms
Amsterdam- Hoevelaken, 27 May 2014
Rabo Farm - part of Bouwfonds Investment Management (Bouwfonds IM), the real asset manager of Rabobank Group - is launching a new Rabo Farm Europe Fund II (RFEFII). Rabo Farm wants to raise € 315 million of which a significant part will be allocated for sustainable improvements of the farms. Rabo Farm aims to attract like-minded long-term investors who are able to invest €50 million or more in this institutional fund.
“Our success at managing farm investments lies in the combination of owning farms and improving productivity with well thought-out farm management plans. These plans are designed in close cooperation with our leaseholders. With the improvements we are able to increase production in a sustainable way; more output with less input is what we like to see on our farms,” says Jaap Gillis, CEO Bouwfonds IM.
RFEF II is a closed-end fund that will invest in real farm assets, improvements of these assets as well as agricultural production in a sustainable way, with a focus on investing in Central and Eastern EU (CE EU) countries. Rabo Farm’s mission is to make a contribution to food security. Affordable and safe food is in everybody’s interest, especially that of the most vulnerable groups.
“Based on our principles of adding real value, creating alignment and facilitating sustainable growth, our aim is to invest in unlocking the huge agricultural potential in this part of the EU. With the assistance of our local staff in our core countries Poland and Romania we built up an enormous network and in-depth market intelligence. As close as possible to our farms is how we prefer to work,” says Dick van den Oever, Managing Director of Rabo Farm.
By investing in the fund, investors will be contributing to global food security. Money will be invested where it has the most real impact, in a producing asset. Returns are driven by real and increasing output in a global market that will need to produce 70% more food in the coming decades.
About Bouwfonds Investment Management
Bouwfonds Investment Management (Bouwfonds IM) is the real asset investment management company of Rabo Real Estate Group, one of Europe’s leading real estate companies. We offer distinctive investment products for institutional and private clients in selected real estate, infrastructure and natural resources sectors. Bouwfonds IM manages a portfolio with a total value of € 5.9 billion, distributed among the following sectors: commercial and residential real estate, communication infrastructure, parking, and agriculture (Rabo Farm). Bouwfonds IM has local offices in the Netherlands, Germany, France, Poland and Romania, and employs over 160 FTE.
About Rabobank Group
Rabobank Group is a Dutch financial services provider established in 1898 that operates on cooperative principles. In the Netherlands, Rabobank Group is a full-service market leader, while internationally Rabobank is a leading food and agribusiness (F&A) bank. Rabobank’s unique network and researching capabilities enable Rabo Farm to offer investors expertise, access and an understanding of what drives global F&A markets. Moody's, Standard & Poor's, Fitch and DBRS have all awarded Rabobank a top rating for creditworthiness. Corporate Social Responsibility (CSR) has always been at the heart of Rabobank. As a co-operative, Rabobank works closely with its customers and local communities on building a sustainable future.
For more information, please contact:
Bouwfonds Investment Management
Lisette van der Ham
Head of Communications (interim)
Tel.: +31 (0)33 750 47 54 or via + 31(0) 20 -2066760
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