The Fund’s subsidiairies and members of the Supervisory Board and Board of Directors of Bouwinvest and the other entities under management by Bouwinvest, qualify as related parties of the Residential Fund. The Fund paid Bouwinvest a fee of € 25.8 million fee in 2018 (2017: € 21.4 million).
Bouwinvest Development B.V. and bpfBOUW and the subsidiaries and investments held by bpfBOUW are also deemed related parties.
Members of the Supervisory Board and Board of Directors of Bouwinvest do not have any material interest in the Fund’s voting shares and do not have options on shares. The Fund has not granted any loans to the members of the Bouwinvest Supervisory Board and Board of Directors.
The members of the Bouwinvest Supervisory Board and Board of Directors held no personal interest in the Fund’s investments in 2018.