29 Transactions with related parties

Vesteda has a pension plan with ABP; during 2016 premiums were paid for an amount of € 2 million (2015: € 2 million). This counterparty is also a participant in the Fund. All transactions are at arm’s length.

The Managing Board and the Supervisory Committee are identified as key management personnel in accordance with IAS 24. The remuneration of these managers is explained in Note 32 and Note 33.