The ING Dutch Office Fund, the ING Dutch Retail Fund and the ING Dutch Residential Fund of ING Real Estate outperformed the ROZ/IPD benchmark again in 2002. These funds invest in Dutch real estate with office, retail and residential use respectively. These performances are demonstrated by the results of the ROZ/IPD Netherlands Property Index 2002.
The ING Dutch Office Fund shows a performance of 8.7% which is an outperformance of 0.4% compared to the ROZ/IPD index, which shows an average of 8.3% for the office sector. For the retail sector the ROZ/IPD shows an average performance of 9.9%. With a performance of 10.8% this means an outperformance for the ING Dutch Retail Fund of 0.9%. The ING Dutch Residential Fund shows a performance of 10.0%. This means an outperformance of 1.7% above the average of 8.% set by the ROZ/IPD. The outperformance has been based on standing investments.
The funds have also shown an excellent performance in the period 2000-2002. The ING Dutch Office Fund showed an average outperformance of 1.7% above the ROZ/IPD benchmark in this period. The ING Dutch Retail Fund showed an average outperformance of 0.5% in the same period and the ING Dutch Residential showed an average outperformance of 0.3%.
The ING Dutch Office Fund, the ING Dutch Retail Fund and the ING Dutch Residential Fund have an invested amount of â⬠1.6 billion, â⬠1,3 billion and â⬠750 million respectively. The funds are non listed real estate funds which are open to institutional investors in the Netherlands as well as other countries.
Source: ING Real Estate
