The Boreelkazerne in Deventer
A National Monument in the Heart of Deventer
The Boreelkazerne in Deventer is a historic building with a modern function.
Dating from 1847, this national monument has been fully renovated in recent years and now accommodates offices, retail, and hospitality spaces. We have placed this beautiful property in a real estate fund with a permanent AIFMD licence. Curious about the projected return? Contact us by clicking the button below.
Key proposition highlights
ERC Subfonds I (Boreel) was established as a closed-end mutual fund (fonds voor gemene rekening) and acquired the Boreel Barracks in Deventer in November 2025. This offers investors the opportunity to participate in a distinctive national heritage property, acquired with an immediate value buffer and actively managed by an experienced real estate firm holding a continuous licence from the Dutch Authority for the Financial Markets (AFM).
- Participation is available from €100,000.-
- Forecast average total return (ROI) of approximately 12.0%* per annum over the period 2026–2030.
- The expected average annual cash yield is approximately 5.8%*
- Direct return with value buffer
- Strong tenant mix
- Tax-transparent structure: suitable for investment through a private limited company (BV) and for the utilisation of a reinvestment reserve (subject to tax advice).
- Professional asset management
- AIFMD structure with independent depositary
Key property characteristics
With a total footage of approximately 7,600 m², the property occupies a prime A-location on Boreelplein, a lively urban district attracting more than 170,000 visitors per week. The combination of historic appeal, modern functionality, and an active city centre provides the Boreelkazerne with a sustainable competitive advantage in the Dutch commercial real estate market.
- National monument (1847), fully renovated
- Approximately 7,600 m² of office, retail, and hospitality space
- Prime A-location at Boreelplein in Deventer city centre
- Mostly leased to solid tenants, including Bever, TIG, and ’t Zusje
- Multi-year lease contracts ensuring stable cash flows
- Parking available on-site and nearby
- Possible re-development
These features make the Boreelkazerne an example of high-quality Dutch commercial real estate that fits within ER Capital’s vision of sustainable, well-managed, and future-proof property assets.
Strategic relevance
The Boreelkazerne aligns with the strategy of ER Capital N.V. to invest in commercial real estate with stable rental income and redevelopment potential. The property combines cultural value with economic vitality and fits within the company’s broader portfolio of multi-tenant offices and light-industrial properties in Dutch growth cities.
By focusing on regional diversification and active asset management, ER Capital strengthens the balance between return, stability, and sustainability within its real estate portfolio.
Active Management and Sustainable Perspective
ER Capital pays great attention to active property management. This means continuously working on optimizing leasing, maintenance, and sustainability within its properties.
The Boreelkazerne is managed with attention to energy efficiency, sustainability, and value creation for tenants and the local community.
This approach contributes to the property’s long-term value and supports the local economy of Deventer, which benefits from a vibrant city centre and growing visitor numbers.
More information
For questions regarding ER Capital’s strategy and portfolio, please contact info@ercapital.nl or call 010 – 288 14 46.
General information regarding supervision and licensing can be found in the AFM register and at www.ercapital.nl.
Important information
Prospective investors in the offered bonds are expressly advised that all forms of investment involve financial risk. Potential bondholders should carefully review the full contents of the prospectus and all related documentation available on this page before making any investment decision. To determine whether an investment is suitable for your personal circumstances, please consult your own financial, legal, or tax advisers.
* The value of your investment may fluctuate. Past performance is no guarantee of future results. The returns stated in this preliminary announcement are partly based on assumptions that are subject to change or derived from models that may not necessarily reflect actual outcomes.