19 September 2016
Dutch institutional real estate manager Bouwinvest REIM’s portfolio delivered an investment return of 5.9% (excluding currency effects) in the first-half of 2016, bolstered in particular by a 9.9% result for its €3.5 billion Residential Fund on the back of strong price rises in the domestic housing market. The Bouwinvest Dutch Retail Fund recorded an investment return of 4.8% and the Dutch Office Fund 3.5% in the first-half, while total assets under management grew to € 7.9 billion.
Bouwinvest Chairman, Dick van Hal, said: “This is evolving into another solid year of performance for Bouwinvest as we appear to be heading for double-digit returns on our real estate investment portfolio. Our results are not going unnoticed by institutional investors. I was pleased to welcome three additional pension funds, making total investments of €154 million into the Residential Fund, which takes us up to 14 participants in Bouwinvest funds over the last two years.”
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