The Fund realised a total return of 4.3% in 2019 (plan: 6.9%; 2018: 5.6%) consisting of 4.2% income return (plan: 4.5%; 2018: 3.5%) and 0.1% in capital growth (plan: 2.4%; 2018: 2.0%).

At Bouwinvest, we believe that we cannot ensure long-term successful investments without taking the needs of society into account, as the two are inextricably linked.

Our sustainable real estate strategy is built on two pillars: certified sustainable assets and the reduction of environmental impact.

The Retail Fund is constantly looking for ways to work with retailers and other tenants, as well as other stakeholders in the local community, to improve the sustainability of our assets.

The Fund uses an online monitoring tool for the effective management and maintenance of properties.

Bouwinvest Real Estate Investors B.V. is the manager and Statutory Director of the Retail Fund.

The Fund is structured as an investment company with variable capital, as defined in article 2:76a of the Dutch Civil Code, with its corporate seat in Amsterdam, the Netherlands.

The value of the shares in the Fund is dependent on developments in the financial markets and real estate markets. The Fund considers the following risk factors of relevance for investments in this Fund.

Monitoring risks is embedded in the daily activities of the responsible line manager and is an integral part of the planning and control cycle.

The following market trends reflect the main opportunities and threats the Bouwinvest Dutch Institutional Retail Fund will take into account as it seeks to meet its strategic objectives in the period ahead.