Despite the initial fears triggered by the Brexit vote, the Dutch economy continued its steady recovery in 2016 and with economic growth of over 2% actually outpaced earlier projections.

The Fund’s strategy is to optimise its portfolio through targeted acquisitions and continuous enhancement of core assets.

16 properties, all in the G4

The Fund realised a total fund retun of 5.5% (2015: 0.5%), consisting of a 3.6% income return (2015: 4.2%) and a 1.9% capital growth (2015: -3.7%). The total return in Euro's grew to € 30.5 million in 2016, from € 4.0 million in 2015.

The recovery of the Dutch economy firmed up in 2016 and according to forecasts is set to book steady growth of 1.5% to 2% in the years ahead. On top of this, unemployment continues to fall and consumer confidence is returning to pre-crisis levels.

Bouwinvest aims to provide a solid return on real estate investments for institutional investors and their beneficiaries and to do this in a responsible manner.

Cooperation and engagement with our tenants and other stakeholders is an essential part of our sustainability strategy.

The focus of the Office Fund's sustainability strategy is on reducing the environmental impact of the office assets in its portfolio.

The Fund has been closely monitoring the electricity use at its office properties via smart meters since 2011.

Bouwinvest Dutch Institutional Office Fund N.V. (the Office Fund) was established in 2010. Stichting Bedrijfstakpensioenfonds voor de Bouwnijverheid (bpfBOUW, the pension fund for the construction industry) is the Office Fund’s anchor investor.