Focus on multi-tenant assets

The Fund’s second strategic pillar is its focus on multi-tenant office buildings. This type of exploitation can reduce the volatility of revaluations and increase the control of asset management risks, thanks to multiple lease agreements with different expiry dates and debtors. In explicit terms, the Fund defines the concept of multi-tenant as assets in which:

• The two largest tenants/ leases provide a maximum rental income of 80% of the total rental income at asset level

• The largest tenant/ lease provides a maximum of 75% of the total rental income at asset level

• Vacancy is considered to be let to multiple tenants