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.

This is the risk that the value of the real estate in the Fund fluctuates due to supply and demand mechanisms in the markets in which the Fund operates.

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 Residential Fund will take into account as it seeks to meet its strategic objectives in the period ahead.