Market developments in 2019
The global economy declined once again last year and is expected to come in at above 2%. In view of the recent events related to the worldwide spread of the COVID 19 virus, at the moment this annual report was completed it was impossible to predict how the global economy will develop in 2020 and beyond. This also marks the start of a period of uncertainty on the world’s real estate markets.
Bouwinvest has taken measures to safeguard the continuity of its services and is now focusing on managing the attendant risks of this global pandemic.
We hope to have more detailed information on the consequences for our portfolios and the management organisation before the completion of the quarterly reports of our real estate investments and the management organisation for the first quarter of 2020. In the meantime, we will continue to keep our stakeholders apprised of the latest insights.