High income returns for Bouwinvest Dutch real estate funds

Bouwinvest booked good results with the Dutch core sector funds in 2013, according to the recently published annual reports.

The Bouwinvest Residential Fund was able to achieve an income return of 3.6 % and an capital growth of -3,6 %. The Retail Fund reached an income return of 5.1 % and a capital growth of 3,0 %. The capital growth is mostly due to the redevelopment project in the innercity of Amsterdam. The Office Fund booked an income return of 5.6 % and an capital growth of -5.9 %. All funds were able to outperform the IPD Netherlands Annual Property Index of 2013.

A few 2013 highlights

The Residential Fund has invested € 165 million in 2013, and like-for-like rent increase was 3.1 %. The Office Fund managed new leases of € 9,4 million for more than 45.000 m² and extended leases of € 5,0 million (almost 30.000 m²). The Retail Fund has acquisitions and investments under construction of € 80 million.

Outlook 2014

Bouwinvest expects more interest from institutional investors for the Residential Fund since the timing is right to enter this interesting non-regulated housing market. Both the Retail- and Office Fund aim to optimise the portfolio through targeted acquisitions, continuous enhancement or redevelopment of core assets and the disposal of non-core assets. Bouwinvest aim is modest growth from €6.1 billion AUM end of 2013 to €6.6 billion AUM by the end of 2014.