Dutch home seekers have nothing to do with pensioners. Dutch largest pension investor APG is investing nearly € 400 million with other parties in rental houses in China. APG is part of the project with, among others, Bouwinvest, which mainly invests for pension funds, such as the pension fund for the construction industry. For APG, which already invested in homes in Europe and the US, it is a new step. The business partners, including the American company Greystar, initially focus on Shanghai. Greystar sees China as an ‘extraordinary’ growth market for investments in rented houses, partly because of the shortage of rented houses in the higher segment. There is increasing demand for such houses because of the rapidly growing prosperity and population in the Chinese cities. Bouwinvest recently opened an office in Australian Sydney, due to expansion plans in the Asia-Pacific area. “This investment in China fits well with our recent investment in rental houses in central Tokyo”, said the local Bouwinvest director Tjarko Edzes in a joint press statement. APG invests a total of € 471 billion for pension funds. Bouwinvest has an invested capital of approximately € 10 billion. The company wants to increase the amount of capital invested in the Asian region and the Pacific region to € 1.5 billion in 2021.