As a result of the Fund’s fiscal investment institution (FII) status, Bouwinvest will distribute all of the Net Realised Result to the shareholders through four quarterly interim dividend payments and one final dividend payment.

The Fund’s ambition to increase the coverage and therefore the transparency of its environmental impact according to INREV Sustainability Reporting Guidelines is reflected in the summary of key performance indicators in the table above.

La Guardiaweg 4 1043 DG, Amsterdam The Netherlands

Assets under management is defined as the net asset value of the funds, as per the chosen valuation principles of the funds, that Bouwinvest manages as investment manager.

* Investment property under construction (redevelopment projects)

x € thousands, unless otherwise stated

Bouwinvest Real Estate Investment Management can look back on a good year. We recorded a return of 12.4% on our portfolio as a whole, excluding currency results. This marked the third year in a row that we have recorded a double digit return.

The Supervisory Board met seven times in 2017. In the context of its supervisory role, the Board also conducted six conference calls regarding investments in the international real estate portfolio and the investments in the Dutch real estate funds.