The Retail Fund at a glance

Fund characteristics

• Closed-End Fund

• Core investment style

• No leverage

• 7% long-term average annual Fund return target

• Robust governance structure

• Investment structure for an indefinite period of time

• Reporting in accordance with INREV standards

Fund management

Bouwinvest is the manager and Statutory Director of the Retail Fund. The Bouwinvest Board of Directors is responsible for Bouwinvest’s long-term strategy, as well as the day-to-day management of the organisation itself and its assets under management. Bouwinvest’s Dutch Investments business unit is responsible for all real estate investments in the Netherlands. This business unit has a dedicated asset management team specialised in the retail real estate sector, with experts in acquisition and divestment, property revitalisation and letting.

Our vision on the Dutch Retail market

• Retail market for in particular experience based shopping sites continues to polarise

• Consumers seeking greater convenience and enhanced customer experience

• Rapid growth of online sales still remains a challenge to certain sectors of traditional retail

• Major retailers taking multi-channel or omni-channel approach - physical and digital shops converging

• Main city centres in the Randstad and key regional cities outperforming other market segments

• Urbanisation and ageing population key factors in future retail landscape

• Redevelopment, revitalisation and transformation the key to healthy retail market of the future

• Growing need for clear focus – Experience and Convenience

Optimisation strategy

The Fund aims to optimise its portfolio through:

• Targeted acquisitions taking into account current retail trends

• Redevelopment of core assets and the disposal of non-core retail units

• Specialised, well-positioned and future-proof retail assets

• Focus on two decisive elements in the future of retail: Experience and Convenience

• Focus on customising local property and marketing management

• New-build projects and redevelopments are opportunities to improve sustainability of Fund’s portfolio