9 Contributing to liveability in cities and metropolitan regions
In 2023, Bouwinvest invested € 715 million in real estate worldwide, focusing on metropolitan regions in developed countries. These cities offer the best investment opportunities for our investors.
10 Ensuring cyber & data security and privacy
Cyber security remains a high priority and every year Bouwinvest assesses its information security with the help of Northwave, a cyber security consultancy organisation.
11 Attracting & retaining talent
To remain an attractive employer in a tight labour market, Bouwinvest is modernising its HR processes and remuneration strategy with flexible benefits to fit the individual life cycle.
Results of the Dutch funds and international mandates
Bouwinvest aims for stable absolute returns and to outperform the relevant indices alongside booking social returns. These figures are shown below. This is followed by a brief review per fund and mandate.
Results of the management organisation
The year 2023 saw a more structural return of working in the office and a further shift in our hybrid working model from relatively more time working from home to more time in the office.
Financial results of the management organisation
Net income amounted to -/- € 2.2 million in 2023 (2022: € 5.4 million).
Management organisation outlook
Uncertainty around the evolvement and duration of the war in Ukraine, the violence in the Middle East, upcoming US elections and geopolitical tensions in other parts of the world dominate the outlook for coming year.
Corporate governance
Bouwinvest Real Estate Investors B.V. (Bouwinvest) is a wholly owned subsidiary of ‘Stichting Bedrijfstakpensioenfonds voor de Bouwnijverheid’ (bpfBOUW, the pension fund for the Dutch construction industry).
Integrated risk management and compliance
Bouwinvest aims for a healthy balance between risk and return and strives to take risks in a conscious and sustainable manner in the interests of its shareholder and investors. Integrated risk management is a key mechanism to achieve this goal.
Supervisory Board report
The Supervisory Board hereby presents the Bouwinvest Real Estate Investors B.V. (Bouwinvest) 2023 annual report, which includes the financial statements for 2023.