Dear shareholder,

Global demographic developments are marked by urbanisation, globalisation and ageing. Digitalisation is having major impact on how we live.

The global economy declined once again last year and is expected to come in at above 2%.

Bouwinvest believes financial and social returns go hand in hand. By investing in better and more sustainable real estate, we make a positive contribution to well-being and health. And that in turn is good for the stability of our financial returns.

Bouwinvest invests globally in metropolitan areas in 10 countries and in six sectors. This strategy enables Bouwinvest to derive the maximum benefit from trends and developments, such as population growth, urbanisation and globalisation.

In the Business Plan 2019-2021 ‘Move up to the next level’, Bouwinvest set itself a number of goals.

Bouwinvest’s goal is to realise a solid return on sustainable real estate investments for institutional investors and their participants. Because we invest for the long term, we do this in a responsible manner.

x € million

We see corporate social responsibility as much more than simply complying with minimum laws and regulations. Responsible business practices play a role in every choice we make.

The rapidly spreading coronavirus will have a global impact on society and the world’s economies. Tourism has been and will continue to be hit very hard.