Performance on sustainability

The Fund promotes ecological and social characteristics and is therefore classified as an Article 8 product according to the SFDR. In 2023, the Fund introduced its ESG Framework, which explicitly defines all ESG-related elements for the Fund.

Financial performance

The Fund realised a total return of 3.6% in 2023. The Fund's income return ended at 4.4%, which was 0.1 basis points higher than plan.

Shareholder 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 on the Fund manager.

Financial management

In 2023, the result for the year declined to € 36.0 million from € 104.1 million in 2022. This decline of € 68.1 million (65%) was primarily driven by lower valuations of the investment properties.