D.J.

Bouwinvest has been investing in real estate on behalf of the pension fund for the construction industry (bpfBOUW) since 1952.

Bouwinvest believes the outlook is positive for the asset management of real estate for institutional clients:

The year started with a slowdown in Chinese economic growth, and a major dip in Asian stock markets, which did eventually rebound.

Bouwinvest's International Investments delivered a solid performance modest performance in 2016. The total return came in at 5.3%, excluding currency results and after management fees.

Net income came in at € 2.6 million in 2016, compared with € 4.4 million in 2015. The operating income was € 2.4 million in 2016, € 2.6 million lower than in 2015.

In the year ahead, Bouwinvest expects to increase its portfolio of assets under management to € 9 billion from the current € 8.5 billion.