Bouwinvest is the manager and the Statutory Director of the Fund. The management fee paid for the year 2015 amounted to € 0.8 million (2015: € 0.7 million).
In consideration of the management activities with respect to the Fund, Bouwinvest receives an annual management fee equal to 0.50% (exclusive of VAT) of the Fund’s net asset value in accordance with the valuation methods of the Fund. The management fee is payable quarterly in advance.
The remuneration of the members of the Supervisory Board is included in the management fee paid to Bouwinvest.