About Vesteda

Vesteda invests the pension savings and insurance premiums entrusted to it by institutional investors, such as pension funds and insurance companies, in sustainable Dutch homes for middle-income tenants.

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Highlights 2018

* Management expenses in 2017 were lower due to a release of €0.9 million from provisions. No provisions were released in 2018.

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Key developments 2018

Realised result increased to €207 million in 2018, from €138 million in 2017. The former Delta Lloyd portfolio (€22 million) and the result on the portfolio sale (€35 million) contributed positively to this increase.

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Foreword Managing Board

We are pleased to present to you our Annual Report for 2018. In this report, we update you on the developments in the Dutch housing market over the past year and Vesteda’s contribution to that market as an active residential real estate investor.

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Members of the Managing Board and Management Team

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

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Market developments

Last year was another good year for the Dutch economy, with strong GDP growth of 2.6%1.

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Strategy and long-term objectives

Vesteda has defined a clear vision framework, consisting of a purpose, mission, vision and core values

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Key developments

The demand for rental homes remained high in 2018. Consequently, our overall vacancy rate was once again low this year.

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Key figures

For more information, please see the financial statements section of this report.

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