The Dutch Management and Supervision Act (Wet bestuur en toezicht) came into force on 1 January 2013. Bouwinvest has amended its articles of association and internal regulations in line with this legislation, insofar as applicable and relevant.

Risk management and compliance are independent functions within Bouwinvest. Their role is to identify, assess, advise on, monitor and report on compliance and other risks faced by the Fund.

In early 2014, Bouwinvest was one of the first parties in the Netherlands to obtain an AFM licence as required by the AIFMD.

The monitoring the risks is embedded in the daily activities of the responsible line manager and is an integral part of the planning and control cycle.

Bouwinvest aims for the highest level of transparency in its communications on the financial situation, strategy, plans and other information relevant to its existing and potential investors and other stakeholders.

D.J.

The economic outlook for the Netherlands has improved strongly in recent times. Forecasts show that the Dutch economy is set to book healthy growth of around 2.0% per year.

The primary focus of the Fund is on stable income return through solid real estate investments in growing and stable segments of the Dutch healthcare market.

At year-end 2018, the target distribution for the different segments are shown in the figures below.

In 2015, the Fund added two properties to the portfolio (Van 't Hofflaan and Hildebrand), and realised three transactions: Aliantus Oud Seyst in Zeist, Domus Magnus Maliebaan in Utrecht and Domus Magnus in Den Bosch.