Bouwinvest Real Estate Investors B.V. is the manager and Statutory Director of the Retail Fund. The Bouwinvest Board of Directors is responsible for Bouwinvest’s long-term strategy, as well as the day-to-day management of the organisation itself and its invested capital. Bouwinvest’s Dutch Investments business unit is responsible for all real estate investments in the Netherlands. This business unit has a dedicated asset management team specialised in the retail real estate sector, with experts in acquisition and divestment, property revitalisation and letting.
Bouwinvest Dutch Institutional Retail 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. The Fund’s governance structure consists of a General Meeting of Shareholders, a Shareholders’ Committee and an Executive Board of Directors. ‘Stichting Bedrijfstakpensioenfonds voor de Bouwnijverheid (bpfBOUW)’, the pension fund for the construction industry, is the Fund’s anchor investor.
The Fund is governed in a robust framework with systems and processes to manage risks appropriately. Safeguarding the interests of its investors, integrity and transparency, the Fund fosters the following governance principles:
The compliance function is independent
Conflicts of interest are avoided and managed through compliance with Bouwinvest’s conflicts of interest policy
Robust checks and balances through established framework with lines of defence
Focus on process management: ISAE 3402 type II certified
Compliant with AIFMD
An independent depositary function has been installed
Rules and principles governing day-to-day business
Best-in-class system for valuation of assets
Elaborate approval process for all real estate investments
Transparency and integrity integrated in daily business conduct
Code of conduct
Transparent and open shareholder communication