The Residential Fund 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 Fund. A € 13.3 million (2013: € 13.2 million) fee was paid to Bouwinvest in 2014.
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 Supervisory Board and Board of Directors of Bouwinvest.
The members of the Supervisory Board and Board of Directors of Bouwinvest held no personal interest in the Fund’s investments in 2014.
The Fund has an agreement with Bouwinvest Development B.V., which develops part of the investment property for the Fund. In 2014, € 49 million (2013: € 47.5 million) was paid to Bouwinvest Development B.V. with regard to the projects De Halve Maen (Amsterdam), Vlondertuinen ('s-Hertogenbosch), Het Nieuwe Landgoed (Ede) and Summertime (Amsterdam).