Portfolio - dynamics

In 2025, the ARC Fund standing portfolio increased to 11,181 homes with a value of €4.5 billion, compared to 11,171 homes with a value of €4.1 billion in 2024. We also invested €142.7 million in the pipeline. Four properties for a total of 572 homes were delivered, 108 individual homes were sold, and 10 block sales were realised, resulting in a net addition of 10 homes.

The map shows the new properties added to the investment portfolio.

Figure 22: Properties added to the investment portfolio

Divestments

In order to revitalise the portfolio, the ARC Fund regularly divests properties that no longer meet investment requirements. Divestments take the form of part sales (sales of individual homes to private individuals) or block sales (the sale of entire properties to professional investors). We sold 108 individual homes (2024: 56) with a net gain of 32% compared to book value, and we executed 10 block sales for a total of 454 homes with a net gain of 5% compared to book value. The total net result on sales is part of the operational result.

Investment pipeline

Figure 23: Pipeline properties