D.J.

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

The Residential Fund has a well-defined growth strategy, as we believe the residential sector continues to offer good long-term investment opportunities, especially for investors with a liability hedge strategy.

A total of 216 properties across the Netherlands

The Fund booked an income return (ROE) of 3.8% in 2015 (2014: 3.9%). The distributable result increased by 5.3%, while the Fund’s time weighted NAV increased by 6.1%, resulting in a slight dip of 0.1% in the income return compared to 2014.

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.