Two years of Benkey Real Estate Fund: building value together
Ilse van der Kooij
6 augustus 2026
5 min read
Two years of Benkey Real Estate Fund: building value together
More than 60% return since inception. Yet that’s not the number we’re most proud of.
Two years ago, the Benkey Real Estate Fund was launched with a single promise: to build a resilient real estate portfolio together with our investors. Not a pursuit of quick profits, but a focus on stable rental income, acquiring assets at the right price, and creating value where others simply manage.
Today, we have something worth celebrating.
And when it’s your birthday, you share. During our anniversary campaign, you’ll benefit from a reduced entry fee of just 0.5% instead of 1.0% for a limited time.
12.8% in the first four months
The fund was launched on 29 August 2024. There was no gentle start, just immediate momentum. By 31 December 2024, the fund had delivered a return of 12.8%, along with an additional 1% distribution for the year on top of the regular quarterly payout. For a fund that had only just left the starting blocks, that was a strong statement.
“A return of more than 60% in two years is a great result. But the true foundation of the fund is the trust of investors who are building long-term value alongside us.”
CEO of Benkey
2025: the year of acceleration
The first quarter of 2025 closed with a return of +3.7% for the G Class and +3.4% for the P Class, supported by the acquisition and completion of Luchthavenweg 81 in Eindhoven. At the same time, the investment team demonstrated just how active it was in the market, submitting bids on forty properties with a combined value of more than €200 million, of which €52 million progressed to the due diligence stage. Anyone who thinks real estate investing is a passive business is looking at the wrong fund.
This approach translated into tangible additions to the portfolio. In Amersfoort, Basicweg 16 joined the fund: a combination of office space and industrial units located on the De Hoef business park, generating approximately €765,000 in annual rental income. Projects in Delft and Apeldoorn were already taking shape. And in Almere, we reached a true milestone.
WTC Almere: not just buying, but making it better
Benkey became the owner of the tallest WTC tower in the Benelux. The 21st floor was transformed into a premium workspace featuring meeting rooms, an event centre, and a sky bar. This was followed by a lunch with Almere’s 25 largest CEOs and Mayor Hein van der Loo, while the first new lease agreements were signed. This is what active asset management looks like in practice. You do not simply buy buildings, you create value.
For the full year 2025, the fund delivered a total return of 38.8%. Strategic acquisitions, portfolio optimisations, and new lease agreements formed the foundation of this performance. At the same time, the team expanded across investment, asset management, finance, and investor relations, ready for the next phase of growth.
2026: KLM as a tenant, and the value-add journey continues
The year began with the acquisition of Point of View on Tupolevlaan in Schiphol-Rijk, with KLM as its largest tenant. A single acquisition that combined both stability and future potential. Meanwhile, in Eindhoven, work continued on the value-add strategy. Following the purchase through a foreclosure auction, the initial focus was on recovery and deferred maintenance, followed by upgrading the common areas and enhancing the building’s attractiveness to tenants.
In Leiden, the office building Schutterspoort was added to the portfolio. Spanning nine floors and offering 7,841 m² of leasable space, the property was approximately 97% occupied by a diversified group of around twenty tenants. It also holds an A+ energy label and a BREEAM-NL In-Use Good certification. In Hilversum, Laapersveld 27 followed, comprising approximately 5,511 m² and 122 parking spaces, with around 87% of the space leased to Xebia. The remaining vacancy? Not a challenge, but an opportunity to create additional value.
The number behind the numbers
After two years, the fund has grown not only in size, but also in maturity. Since launch, it has completed ten transactions, expanded to thirteen properties under management, and grown to more than 100,000 m² of real estate. The portfolio now includes over 200 tenants, generates more than €15 million in annual rental income, and represents €180 million in assets under management. Since inception, investors have achieved a return of more than 60%.
These are impressive numbers. But they do not tell the whole story. The real foundation of the fund cannot be measured in square metres, rental income, or returns. It is built on trust. The trust of investors who share our ambition and are willing to build a portfolio designed for long-term value creation. In the end, that is what matters most.
When you celebrate, you share
Two years of Benkey are not celebrated with balloons and party hats. We celebrate with a gesture. During our anniversary campaign, you temporarily benefit from a reduced entry fee of 0.5% instead of 1.0%. Not a hard sales promotion, but a way of thanking both existing and new investors for their trust.
Have you been considering an investment in real estate for some time? Then this is a natural moment to get acquainted with the fund. You gain access to a diversified, professionally managed real estate portfolio focused on passive income, capital growth, and active value creation.
For two years, we have been building value together. Today, we take a moment to reflect on that achievement while also looking ahead. To new acquisitions, further enhancements, and a portfolio that continues to grow stronger step by step.
On to the next milestone.
Want to learn more about our 0.5% anniversary rate?
Interested in the 0.5% anniversary rate and what the Benkey Real Estate Fund could mean for your portfolio? Visit our anniversary page and discover how you can participate in the fund.
Get in touch with our Investor Relations team or explore the opportunities to invest in the Benkey Real Estate Fund.
Investing involves risks. Past performance does not guarantee future results. Please review the fund documentation carefully and ensure you are fully informed before deciding to invest.
