Investment objectives

5-year average fund return

5.5-7.0%

4.5%

Total fund return

-3.1%

-6.3%

NAV of invested capital (in € million)

8.18

6.914

Targeted signed transactions (in € million)

80

0

Targeted investments (in € million)

210

123

Targeted divestments (in € million)

206

169

Investment restrictions

Invested in single investment property

< 5%

2.2%

Invested in non-residential property

< 10%

1.2%

No investment will have a material adverse effect on the Fund's diversification guidelines

0

0

Value of investments to pre-finance acquisitions shall not exceed 10% of the total value of the portfolio

< 10%

1.6%

Diversification guidelines

Invested in Randstad conurbation

< 90%

87.3%

Invested in family homes

> 25%

30.2%

Invested in liberalised segment

> 75%

95.0%

Invested in the Fund's focus regions

> 80%

99.6%