13 Management fee
Bouwinvest received a management fee totalling € 59.9 million (2021: € 53.2 million), consisting of € 59.7 million (2021: € 52.9 million) on the basis of the net asset value. The fee for project development activities amounted to € 0.2 million (2021: € 0.3 million) on the basis of the invoiced instalments.
Bouwinvest delivers real estate services to the following funds and entities (group companies as defined in article 2:24b of the Dutch Civil Code). The total managed capital of the company is shown below.
2022 | 2021 | |
Bouwinvest Dutch Institutional Residential Fund N.V. | 7,612,690 | 7,681,103 |
Bouwinvest Dutch Institutional Retail Fund N.V. | 1,055,026 | 975,551 |
Bouwinvest Dutch Institutional Office Fund N.V. | 1,198,693 | 1,238,539 |
Bouwinvest Dutch Institutional Hotel Fund N.V. | 372,774 | 355,647 |
Bouwinvest Dutch Institutional Healthcare Fund N.V. | 460,663 | 455,796 |
Bouwinvest Development B.V. | 5,895 | 61,452 |
bpfBOUW (mandates International Investments & Heritage) | 5,195,566 | 4,887,403 |
Total | 15,901,309 | 15,655,491 |
The management fee for the funds is calculated as 0.48% (2021: 0.50%) of the net asset value. For bpfBOUW’s international investments, this amounts to 0.20% of the net asset value.
2022 | 2021 | |
Bouwinvest Dutch Institutional Residential Fund N.V. | 35,740 | 29,760 |
Bouwinvest Dutch Institutional Retail Fund N.V. | 4,541 | 4,738 |
Bouwinvest Dutch Institutional Office Fund N.V. | 5,533 | 5,908 |
Bouwinvest Dutch Institutional Hotel Fund N.V. | 1,634 | 1,744 |
Bouwinvest Dutch Institutional Healthcare Fund N.V. | 2,066 | 2,012 |
Bouwinvest Development B.V. | 215 | 278 |
Mandates International Investments | 9,747 | 8,269 |
Other services | 449 | 452 |
Total | 59,925 | 53,161 |