The Fund’s aim is to achieve a stable portfolio that can profit from the changing retail market, mainly due to its well-distributed portfolio of high-quality assets that is sufficiently resilient and future-proof to withstand the future risks in the

The main focus of the Fund’s Experience portfolio is on individual high street shops or clusters of shops in prime shopping areas in major Dutch city centres.

The main focus of the Fund’s Convenience portfolio is on district shopping centres and standalone supermarkets with healthy catchment areas, together with assets in a rapidly emerging new retail segment, stores in high-traffic locations.

The built environment consumes around 40% of the world’s energy and accounts for up to 30% of the world’s annual GHG emissions. Additionally, the building industry is a large user of raw materials.

The critical success factors in achieving our investment objective and implementing our investment strategy are active asset management, customer service, strategic relationship management and collaboration with proptech start- en scale ups.

The Fund applies a defined set of diversification guidelines and investment restrictions in the execution of its strategy. The Fund will adhere to the following investment restrictions to focus on its core activity and to limit risks.

Total property value of € 957 million in Dutch retail properties (59 assets, 240,496 m2 NLA) at year-end 2019

In 2019, the Fund acquired two high street retail assets and sold a total of seven assets. Furthermore, the Fund invested in the optimisation of the quality of its assets.

At year-end 2019, the Fund’s portfolio consisted of a total of 59 assets. Of these, 28 assets are classified as Experience and 21 assets are classified as Convenience.

In 2019, the Fund managed to increase the average occupancy of the portfolio to 96.5% (95.2% in 2018).