Manager of the Fund
Bouwinvest is the fund manager of the Fund and as such is responsible for portfolio management and risk management.
Introduction
This section covers the financial management policies, activities and performance of the Fund over 2022, followed by the Fund's overall governance and structure. This section concludes with more details about the fund manager.
Financial management
In 2022, the full-year result declined to - € 41.3 million, from € 85.0 million in 2021 (-149%). The decline of € 126.3 million was primarily driven by significantly lower valuations of the investment properties (€ 130.7 million).
Fund Governance
Bouwinvest Dutch Institutional Office Fund N.V. (the Fund) was established in 2010. The Fund has a governance structure that ensures effective and efficient management, combined with proper checks and balances.
Structure of the Fund
Up until 1 January 2023, the Fund was 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.
Investors' calendar
As a result of the restructuring of the Fund into a Fund for Mutual Account as per 1 January 2023, from that date there is no longer a Fund entity that withholds dividend tax.