About Vesteda

Vesteda is an entrepreneurial and service-oriented institutional residential investor with a sizeable and varied portfolio of homes in attractive neighbourhoods in the Netherlands.

Key portfolio characteristics (year-end 2017)

Highlights 2017

Key developments 2017

The realised result amounted to €138 million in 2017 (2016: €142 million).

Foreword Managing Board

Last year was once again an extremely good year for investors in the Dutch residential real estate market. This was thanks to a strong economy, confidence in the residential market and low mortgage interest rates.

Members of the Managing Board and Management Team

   From left to right: Gertjan van der Baan (CEO), Hans Touw (director Portfolio Strategy), Pieter Knauff (director Acquisitions), Frits Vervoort (CFO) and Astrid Schlüter (director Operations).

Market developments

In 2017, the Dutch economy recorded growth of 3.2%1, the highest level of growth for the past 10 years. Unemployment continued to fall last year, dipping to 4.9% at year-end 2017.

Strategy and long-term objectives

At home with Vesteda. Our mission is to make sure that all our stakeholders feel at home with us. That is especially true for our tenants, the investors who invest in our fund and our employees.

Key developments

The Dutch residential investment market was very strong in 2017. Competition was fierce and several large portfolios were sold to local and foreign investors against sharp returns.

Key figures

Theoretical rent amounted to €254 million in 2017, an increase of €6 million compared with the theoretical rent of €248 million recorded in 2016.