Dutch institutional real estate manager Bouwinvest REIM has revealed that its portfolio delivered an investment return of 5.9% in the first half of 2016.
The company said its results were bolstered in particular by a 9.9% result for its €3.5 bn Residential Fund on the back of strong price rises in the Netherlands' housing market.
The Bouwinvest Dutch Retail Fund recorded an investment return of 4.8% and the Dutch Office Fund 3.5% in the first-half, while total assets under management grew to €7.9 bn excluding currency effects.
'This is evolving into another solid year of performance for Bouwinvest as we appear to be heading for double-digit returns on our real estate investment portfolio,' commented Bouwinvest chairman Dick van Hal. 'Our results are not going unnoticed by institutional investors. I was pleased to welcome three additional pension funds, making total investments of €154 mln into the Residential Fund, which takes us up to 14 participants in Bouwinvest funds over the last two years.'
