The Retail Fund’s subsidiairies and members of the Supervisory Board and Board of Directors of Bouwinvest Real Estate Investment Management B.V. (Bouwinvest) and the other entities under management by Bouwinvest, qualify as related parties of the Retail Fund. A € 3.1 million fee was paid to Bouwinvest in 2014 (2013: € 2.9 million). bpfBOUW and the subsidiaries and investments held by bpfBOUW are also deemed related parties.
In the trade and other payables is € 10.5 million (2013: € 2.9 million) recorded as a liability from the Retail Fund to Bouwinvest Development B.V.
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 2014.