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15. Transactions with associated companies

In 2020 transactions have been made between Vesteda FGR, Vesteda Finance BV, Vesteda Investment Management BV and Vesteda Project Development BV for loans provided and interest accrued.

At year-end the balances relating to these loans amount to:

Vesteda Finance BV: €1.92 billion
Vesteda Investment Management BV: €8.5 million
Vesteda Project Development BV: €38.7 million

In 2020 also transactions have been made between Vesteda FGR and Vesteda Investment Management BV for management expenses charged from Vesteda Investment Management BV to the Fund for an amount of €28.2 million.

Reference is made to Note 33 of the notes to the consolidated financial statements for a description of the events after balance sheet date.

Signing of the financial statements

Amsterdam, 17 March 2021

Signed by:

G. van der Baan

F. Vervoort