Total property value (including discounted cash flows of leaseholds obligations) of € 1,012 million (18 assets, 264,530 m²) at year-end 2019

The Fund made no acquisitions in 2019 and invested in the redevelopment and optimisation of the quality of the Fund’s assets. The size of the Fund's total portfolio stood at € 1 billion at year-end 2019 compared with € 747 million at year-end 2018.

Portfolio composition at year-end 2019:

In 2019, the occupancy rate increased to 90.0% from 89.2% at portfolio level.

The Fund realised a total return of 20.3% in 2019 (plan: 7.2%; 2018: 11.4%), almost entirely driven by a higher capital growth than forecast, which came in at 17.7% (plan: 4.5%; 2018: 9.1%), while the income return came in at 2.3% (plan: 2.7%; 2018:

At Bouwinvest, we believe that we cannot ensure long-term successful investments without taking the needs of society into account, as the two are inextricably linked.

The Fund uses BREEAM to measure and assess the overall sustainability of its buildings. The BREEAM methodology covers a wide range of subjects; from energy to transport, from vegetation and materials to indoor climate quality.

At Bouwinvest we believe that the best way to engage our stakeholders is through open and transparent dialogue and positive collaboration that cements long-term returns on investment and creates more impact.

To promote and increase sustainable procurement, we have launched a project with IVBN and a number of fellow fund managers to engage and assess the Fund’s suppliers using a sustainability web tool.

Bouwinvest Dutch Institutional Office Fund N.V. (the ‘Fund’) was established in 2010. The Fund has a governance structure, that ensures effective and efficient management, combined with proper checks and balances.