All amounts in € thousands, unless otherwise stated
Read more >

The Residential Fund (Chamber of Commerce number 34366452) is a public limited liability company incorporated under the laws of the Netherlands, with its corporate seat in Amsterdam, the Netherlands.
Read more >

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied unless otherwise stated.
Read more >

The risk management function within the Fund is carried out with respect to financial risks. Financial risks are risks arising from financial instruments to which the Fund is exposed during or at the end of the reporting period.
Read more >

Estimates and judgements are continually evaluated and are based on historical experience and adjusted for current market conditions and other factors.
Read more >

A spread by core regions is applied in the analysis of the valuation of the investment property portfolio.
Read more >

The Fund leases its property investments in the form of non-cancellable operating leases. The nature of the theoretical rent has an indefinite duration because there are no fixed contract periods.
Read more >

In 2018, € 0.6 million (2017: € 0.5 million) of the maintenance expenses related to unlet properties.
Read more >

Where administrative expenses relate directly to the operation of the property portfolio, they are charged to operating expenses. Where administrative expenses relate directly to the development of the property portfolio, they are capitalised.
Read more >

The Fund had no external loans and borrowings during 2018. The Fund was subject to the negative interest rate development for its bank balances.
Read more >