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30 October 2025

M&G opens 206 new homes in the Netherlands, with 90% in the affordable segment

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2025
  • Institutional capital deployed to deliver affordable, sustainable homes in supply-constrained urban markets.

Amsterdam, 30th October 2025 – M&G Real Estate, part of M&G’s €90 billion1 private markets platform, announces today the opening of MORE5, a new residential scheme in Leiden, a university city strategically located between Amsterdam and The Hague. Delivered on schedule by Amsterdam-based developer Lingotto and acquired in 2023 on behalf of the M&G European Living Fund, MORE5 opens 206 new homes, 90% of which fall within the affordable housing segment, addressing growing demand for accessible urban living in the Netherlands.

The opening of MORE5 comes at a pivotal moment for the Dutch housing market, which is undergoing significant supply-demand imbalance and affordability challenges.

Located in the Leiden Bio Science Park, the Netherlands’ largest life sciences cluster, MORE5 aims to provide affordable housing to middle-income households in a city facing a deficit of over 10,000 homes, through:

  • 150 homes reserved for Leiden University staff, such as PhD students, researchers and guest lecturers,
  • 34 mid-rent units, regulated under Dutch government's WWS system, a point-based housing valuation framework used to assess the quality and affordability of rental properties,
  • 22 non-regulated units, offering flexibility within the private rental sector.


With a targeted GPR sustainability score of ≥7.5 (well above the national regulatory baseline) and a BREEAM In-Use Very Good certification to be obtained one year post-completion, the 8,606 sqm scheme offers high-quality, energy-efficient homes2, contributing positively to the WWS score and reflecting M&G’s ambition to deliver environmentally responsible housing. It also includes shared amenities such as a rooftop garden and communal ground-floor space, designed to foster social interaction and resident wellbeing..

This development adds to M&G’s £6.5 billion global residential property portfolio, spanning student accommodation, senior living, private rented sector and various forms of affordable housing, underlining growing demand from institutional clients for attractive risk adjusted returns, backed by real assets.

Laurien van Wieringen, Director of Investment and Asset Management for the Netherlands at M&G Real Estate, commented: "The opening of MORE5 is a proud moment for our Dutch team. It exemplifies M&G’s capacity to deploy institutional capital in support of national housing policy. In a city where housing shortages are acute, this opening helps provide much-needed relief for academic staff and young professionals.”

MORE5 joins M&G’s growing portfolio in the Netherlands, alongside two other residential schemes in Amsterdam and The Hague, reflecting M&G’s long-term confidence in the Dutch market. M&G Real Estate runs €38 billion1 of assets globally, with European offices in Amsterdam, Paris Madrid, Frankfurt, Luxembourg, Milan and Stockholm.


Download a PDF of the release

Download a PDF of the release

Media enquiries

Marie Vanbremeersch

Media Relations

+33 (0)172389662
+33 (0)7 63 53 09 88
marie.vanbremeersch@mandg.com

Notes to editors

1. As of end of June 2025.
2. Sustainability credentials includes: 

  • Aquifer Thermal Energy Storage (ATES) system for heating and cooling,
  •  240 rooftop solar panels
  • All units will benefit from energy labels A, A+ and A++
  • Large bike parking spaces
  • Targeted GPR (Dutch sustainability score) of ≥7.5
  • Targeted BREEAM-in use Very Good or better certificate one year after completion

About M&G

M&G Investments is part of M&G plc, a savings and investment business which was formed in 2017 through the merger of Prudential plc’s UK and Europe savings and insurance operation and M&G, its wholly owned international investment manager. M&G plc listed as an independent company on the London Stock Exchange in October 2019 and has €414 billion of assets under management (as of 30 June 2025). M&G plc has over 5 million customers in the UK, Europe, the Americas and Asia, including individual savers and investors, life insurance policy holders and pension scheme members.

For nearly nine decades M&G Investments has been helping its customers to prosper by putting investments to work, which in turn creates jobs, homes and vital infrastructure in the real economy. Its investment solutions span equities, fixed income, multi asset, cash, private debt, infrastructure and real estate. M&G recognises the importance of responsible investing and is a signatory to the United Nations Principles for Responsible Investment (UNPRI) and is a member of the Climate Bonds Initiative Partners Programme.

M&G Investments is a signatory to the Net Zero Asset Manager's Initiative and has committed to work with clients to align investments with the goals of the Paris Agreement.

For more information, please visit: www.mandg.com


This press release is intended for journalists and media professionals only. It should not be relied on by private investors or advisers.

This press release reflects the authors’ present opinions reflecting current market conditions; are subject to change without notice; and involve a number of assumptions which may not prove valid. It has been written for informational purposes only and should not be considered as investment advice or as a recommendation of any particular security, strategy or investment product. Past performance is not a guide to future performance.

The services and products herein are available only to investment professionals and are not available to individual investors, who should not rely on this communication. Information given in this document has been obtained from, or based upon, sources believed by us to be reliable and accurate although M&G does not accept liability for the accuracy of the contents.
This document may only be distributed and units/interests may only be offered or placed in the United Kingdom (“UK”) to the extent that: (1) the fund is permitted to be marketed to professional investors in the UK in accordance with the Alternative Investment Fund Managers Regulations 2013 AIFMD (as amended the “AIFMR”); or (2) this document may otherwise be lawfully distributed and the units/interests may otherwise be lawfully offered or placed in the UK (including at the initiative of the investor).

This press release is issued by M&G Luxembourg S.A. in the EEA, registered office 16, boulevard Royal, L-2449, Luxembourg and M&G Investment Management Limited in the UK and outside the EEA (unless stated otherwise), registered in England and Wales under numbers 936683 with its registered office at 10 Fenchurch Avenue, London EC3M 5AG. M&G Investment Management Limited is authorised and regulated by the Financial Conduct Authority. For the purposes of AIFMD, M&G Luxembourg S.A. acts as alternative investment fund manager of any funds cited in this document. The registered office of M&G Luxembourg S.A. is 16, boulevard Royal, L-2449, Luxembourg. M&G Luxembourg S.A. may terminate arrangements for marketing under the new Cross-Border Distribution Directive denotification process. M&G Real Estate Limited is registered in England and Wales under number 3852763 and is not authorised or regulated by the Financial Conduct Authority. M&G Real Estate Limited forms part of the M&G Group of companies.

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.
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M&G plcの直接子会社であるM&G Investments（M&Gインベストメント）のウェブサイトにアクセスするには、
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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G plc は、イングランド及びウェールズで設立・登録。本社登録地は10 Fenchurch Avenue, London EC3M 5AG。登録番号11444019。M&G plcは持ち株会社で、その子会社の一部はPRA（健全性監督機構）及びFCA（金融行為規制機構） に認可され、それらの規制対象となっています。

M&G plc は、イングランドを登録地、及び主たる事業領域とする会社で、その関連会社は有数の貯蓄・投資機関として基盤を確立しています。M&G plcは、Prudential Assurance Company Limited（プルデンシャル・アシュアランス・カンパニー・リミテッド）の直接親会社です。なお、Prudential Assurance Company Limitedは、アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.（プルデンシャル・ファイナンシャルInc.）またはイングランド及びウェールズで設立された国際グループ企業であるPrudential plc（プルデンシャル・ピーエルシー）とは一切関係がありません。
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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.