In the ‘Market environment’ chapter, we describe the Fund-specific trends. In this appendix, we discuss a number of megatrends that are affecting and will continue to affect markets at national, European and global levels.

Bouwinvest Real Estate Investors B.V. (Bouwinvest) is one of the largest Dutch institutional real estate investment managers. Bouwinvest strives to achieve risk-adjusted returns on behalf of its pension fund clients.

D.J.

La Guardiaweg 4 1043 DG, Amsterdam The Netherlands

The total number of acquired units with a rental prices between 720 and 1.

The rights of the General Meetings of Shareholders and the Shareholders’ Committee are shown in the Governance Matrix.

The Fund’s ambition to increase the coverage and therefore the transparency of its environmental impact according to INREV Sustainability Reporting Guidelines is reflected in the summary of key performance indicators in the table above.

All amounts in € thousands, unless otherwise stated