The major demographic trends in the Netherlands are population growth, ageing and urbanisation. Due to the ageing of the population, the working age population (15 to 65 years of age) will start to decline from 2021 onwards.

Corporates experimenting with emerging technologies and the availability of capital for PropTech will transform the real estate industry and the way we work.

Related to the economic growth and positive outlook, companies are anticipating (further) growth, are more inclined to relocate and are more willing to invest in their office accommodation.

Given the low interest rate environment and the yield spread offered by real estate, investors’ capital inflow into real estate markets remained strong last year.

Bouwinvest expects multi-functional office locations with good access in big cities to continue to flourish in the coming period.

The Fund has a clear focus on future-proof office spaces, spaces that are defined by their flexibility and their role as meeting places. The offices in the Office Fund portfolio are inspiring places that people like to visit and want to work in.

The Office Fund has a clear focus on the G4, the four largest cities in the Netherlands (Amsterdam, Rotterdam, Utrecht and The Hague). At least 80% of the Fund’s invested capital will be invested in these defined core regions.

The Fund’s second strategic pillar is its focus on multi-tenant office buildings.

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 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.