Financial performance

The Fund realised a total return of -8.3% in 2023, consisting of 3.7% income return and -11.7% in capital growth. Net rental income, administrative and finance expenses are the main drivers for the income return.

Investor information

Introduction

This section covers the financial management policies, activities and performance of the Fund over 2023, followed by the Fund's overall governance and structure. This section concludes with more details about the fund manager.

Financial management

In 2023, the full-year result declined to -€ 106.8 million, from -€ 41.3 million in 2022 (-159%).

Fund governance

Bouwinvest Dutch Institutional Office Fund (the Fund) was established in 2010. The Fund has a governance structure that ensures effective and efficient management, combined with proper checks and balances.