Governance & Risk management

Vesteda is a mutual fund for the joint account of its participants. Investors may join the fund by taking an interest in the fund. The fund is transparent for tax purposes.

Vesteda is an internally managed fund with in-house property management. Vesteda’s Management Board consists of Astrid Schlüter (CEO) and Frits Vervoort (CFO).

CEO and Chair of the Management Board since 3 April 2024.

Renée Verhulst joined Vesteda on 1 May 2022 and was appointed as HR Director. Before joining Vesteda, she worked as Head of HR at Van Dorp, a leading technical services provider.

Dutch. Former Partner Real Estate Advisory at Deloitte. Areas of expertise: real estate, finance, urban planning.

It is my pleasure to present the Supervisory Committee Report for 2025, my first as Chair.

Total remuneration amounted to €17.7 million (99% fixed and 1% variable) in 2025, which was slightly more than the previous year (€17.3 million). In 2025, Vesteda implemented a 4% salary indexation.

Risk management is integrated in Vesteda’s strategic and operational processes.

Our goal is to provide our participants with an attractive risk-return, transparency and a high level of service. Participant satisfaction is one of our key performance indicators and has been stable at a high level over the past few years.

Vesteda maintains a well-diversified unsecured funding structure, comprising bank debt, Euro Commercial Paper (ECP), private placements, public bonds, and financing from the European Investment Bank (EIB).