BOUWINVEST AUM € 7.2 BILLION

Bouwinvest REIM is one of the largest

Dutch institutional real estate investment

managers (128 FTE). We made our first

real estate investments way back in 1952,

investing for the Dutch Construction

Workers Pension Fund (bpfBOUW).

Thanks to all the experience and expertise

we have gained over the past six decades,

Bouwinvest is now a true specialist and

we know the real estate and pension

fund world inside out. And that specialist

know-how means we can provide our

clients with true tailor-made solutions, in

line with their risk profile and long-term

investment goals.

REAL ESTATE AS CORE BUSINESS Specialised real estate investment

manager

Roots in real estate and pensions

Stable organisation with solid

governance structure

No conflict of interests between investors

Customer-oriented organisation

(tailor-made solutions)

Sustainability integral part of business

CORE ACTIVITIESGlobal Investments € 2.7 billion

Tailor-made mandate exclusively for

bpfBOUW

Proven track record

Investments in Europe, North America

and Asia-Pacific

Listed and unlisted

Active management involvement

Selection of top third-party fund-

managers and leading listed real estate

companies to invest in

Dutch investments € 4.5 billion

Five Dutch sector funds

Three funds open for investors:

Residential Fund, Retail Fund, Office Fund

Healthcare Fund and Hotel Fund

managed for bpfBOUW

High occupancy rates

Core investment style, no leverage

Biggest part of our Dutch portfolio

invested in residential property

Largest single unleveraged residential

fund in the Netherlands

Largest investor across real estate sectors

and pipeline in Amsterdam (€ 2.1 billion)

BouwinvestResidential Fund

€ 2.9 billion

BouwinvestOffice Fund€ 0.6 billion

BouwinvestRetail Fund€ 0.7 billion

Asia-Pacific€ 0.5 billion

Europe€ 1.1 billion

North America€ 1.1 billion

BouwinvestHotel Fund€ 0.1 billion

BouwinvestHealthcare Fund

€ 0.03 billion

BouwinvestDevelopment

€ 0.1 billion

Factsheet 2015 (Information Q2 2015)Bouwinvest Real Estate Investment Management B.V. (REIM).

PORTFOLIO ASSETS

Amsterdam Pontsteiger Residential Fund

Amsterdam Nieuwendijk 196 Retail Fund

Rotterdam Beurs WTC Office Fund

Sydney Workplace6 International Investments

Birmingham Bullring International Investments

Bouwinvest Real Estate Investment Management B.V. (REIM)

Amsterdam Amstel Tower Hotel Fund

More information at www.bouwinvest.com

PORTFOLIO COMPOSITION

WORLDWIDE (%)

NORTH AMERICA

ASIA-PACIFIC

THE NETHERLANDS

EUROPE

62.915.1

14.9

7.1

FOUR LINES OF DEFENCE

PORTFOLIO COMPOSITION BY

LISTED/UNLISTED (%)

UNLISTED

LISTED

93.1

6.9

7.1

PORTFOLIO COMPOSITION

BY SECTORS (%)

14.1

14.9

OFFICE

HEALTHCARE

HOTEL

LOGISTICS

OTHER

DEVELOPMENT

RESIDENTIAL

RETAIL

49.4

19.0

17.6

4.8

2.9

0.44.4

1.5

Dick van HalChairman of the Board of Directors

and Statutory director

Arno van GeetManaging Director Finance

Allard van SpaandonkManaging Director Dutch

Investments

Stephen TrossManaging Director International

Investments

Bouwinvest Real Estate Investment Management B.V. (REIM)

www.bouwinvest.com

This factsheet does not constitute a sale, an offer to sell or a solicitation of an offer to buy any interests in the fund. The shares in the fund will not, directly or indirectly, be offered or acquired in the Netherlands, unless to or by individuals or legal entities that are “qualified investors” within the meaning of Section 1:1 of the Dutch Financial Surpervision Act (Wet op het financieel toezicht, “FSA”). Bouwinvest REIM has a licence within the meaning of Article 2:65 FSA and is supervised by the Authority Financial Markets and the Dutch Central Bank.

Bouwinvest REIM is a private limited liability company with a Board of Directors and a

Supervisory Board. Bouwinvest is a wholly-owned subsidiary of Stichting Bedrijfs tak-

pensioenfonds voor de Bouwnijverheid (bpfBOUW), the Dutch Construction Workers

Pension Fund.

BOARD OF DIRECTORS

• Management and control of day-to-day key processes

• Supervision of the organisation• Challenge and assurance

• Challenge and assurance

• Established compliance risk management & control framework

• Policy and procedures

Supervisory Board

Independent externalaudit and depository

Compliance,Risk Management& Control

Investment committee

Board ofDirectors

Internal audit