15. Transactions with associated companies

In 2019 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:                                                €1.82 billion

Vesteda Investment Management BV:                 €13 million

Vesteda Project Development BV:                         €25 million

In 2019 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 €24.4 million.

Reference is made to Note 34 of the notes to the consolidated financial statements for a description of the events after balance sheet date.

Signing of the financial statements

Amsterdam, 18 March 2020

Signed by:

G.S. Van der Baan
CEO

  

F. Vervoort
CFO