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

The Retail Fund (Chamber of Commerce number 34366471) 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 strategy is applied in the analysis of the valuation of the investment property portfolio.
Read more >

The future contractual rent from leases in existence on 31 December 2018, until the end of the contract (accounted for on the basis of the minimum rent) can be analysed as follows:
Read more >

In 2018, € 0.2 million (2017: € 0.2 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 >