Bouwinvest received a management fee of in total € 27.9 million (2013: € 27.3 million), of which € 25.7 million (2013: € 24.3 million) is based on the assets under management and € 2.2 million (2013: 3.0 million) is based on other mandates and project development activities.
Bouwinvest is an investment manager specialised in real estate for institutional investors. The company also manages a separate mandate for international investments and project development activities.
Bouwinvest delivers real estate services to the following funds and entities (group companies as defined in article 2:24b of the Dutch Civil Code). The total assets under management of the company at year-end is stated below.
| | 2014 | 2013 |
| Bouwinvest Dutch Institutional Residential Fund N.V. | 2,715,283 | 2,599,612 |
| Bouwinvest Dutch Institutional Office Fund N.V. | 565,113 | 469,201 |
| Bouwinvest Dutch Institutional Retail Fund N.V. | 670,322 | 605,784 |
| Bouwinvest Dutch Institutional Hotel Fund N.V. | 140,935 | 154,992 |
| Bouwinvest Dutch Institutional Healthcare Fund N.V. | 15,572 | 11,755 |
| Bouwinvest Development B.V. | 108,934 | 128,840 |
| bpfBOUW (mandates International Investments & Heritage) | 2,484,047 | 2,090,098 |
| Total | 6,700,206 | 6,060,282 |
Download XLSThe management fee in 2014 was € 25.7 million (2013: € 24.3 million). For the funds this fee is based on 0.5% of the ‘net asset value’; for the international investments of bpfBOUW it is based on 0.3% of the ‘net asset value’.
The management fee for other mandates and project development activities amounted to € 2.2 million (2013: € 3.0 million) and can be itemised as follows:
- € 1.5 million (2013: € 1.7 million) development fee based on development turnover
- € 0.6 million (2013: € 0.8 million) development fee based on invested capital
- € 0.1 million (2013: € 0.5 million) heritage fee based on amount of invested capital