The recovery seen in the residential real estate market in 2014 continued and firmed up in 2015, as house prices rose steadily throughout the year, especially in the Randstad, and approached pre-crisis levels.

Bouwinvest believes it has a responsibility to make sure its investments meet sustainability criteria and that we operate in a responsible and ethical manner.

Close cooperation with our tenants and other stakeholders is an important element in our sustainability strategy. The Fund incorporates the priorities and demands of tenants continuously and in various ways.

Monitoring environmental performance data (energy and water consumption, greenhouse gas emissions and waste) is an important part of managing sustainability issues.

Benchmarking based on the Global Real Estate Sustainability Benchmark (GRESB) gives the Residential Fund greater insight into the opportunities to improve its sustainability performance at fund level.

Bouwinvest Dutch Institutional Residential Fund N.V. (the Residential Fund) was established in 2010.

The Residential Fund is structured as an investment company with variable capital, as defined in article 2:76a of the Dutch Civil Code, with its corporate seat in Amsterdam, the Netherlands.

Bouwinvest has implemented a risk management framework based upon the principles of The Committee of Sponsoring Organizations of the Treadway Commission (COSO).

Within the domain of the Residential Fund, we distinguish the following risk clusters:

All amounts in € thousands, unless otherwise stated