Dutch fintech firm DNGB announced the launch of a €1 billion program aimed at investing in residential ground leases in the Netherlands, IPE Real Assets reported.

The investment concept, called Duokoop, is being backed by several European pension funds. Through the program, future residents can buy a home but sign a lease to the owner of the land it is constructed on, according to the report.

DNGB tapped Cabot Square Capital to gauge the interest of pension funds in investing in Dutch land through the platform, the publication noted.