Report of the Board of Directors

In the Business Plan 2018-2020 'Sustainable Growth', Bouwinvest set itself a number of goals. An average long-term return of 5% to 7% per year, excluding current exchange result. An annual transaction volume of € 800 million. And a GRESB 4 or 5-star rating for at least 70% of our total invested capital.

Bouwinvest also set itself the target of scoring a minimum of 7 in its client, employee and tenant satisfaction surveys. To support the growth of the organisation, Bouwinvest will increase the number of FTEs working at the organisation to 180 in 2020. Bouwinvest also set itself the target of fleshing out investment strategies for emerging markets (Asia) and setting up local offices in New York (North America) and Sydney (Asia-Pacific) in the plan period 2018-2020.

The realisation of the above targets in 2018 was as follows. The return on invested capital came in at 12.4%, excluding currency exchange effects, the transaction volume stood at € 1,610 million and 78.7% of Bouwinvest’s invested capital had a GRESB 4 or 5-star rating. In addition, tenant satisfaction stood at 7.3 and the number of FTEs increased to 170 in 2018.