Contingent rights and liabilities

Contingent rights

Bouwinvest has management agreements with the funds for an indefinite period with a two-year notice period, as well as a mandate with bpfBOUW regarding the International portfolios for an indefinite period with a five-year notice period. The management fee is calculated on the basis of net asset value and this is expected to be approximately € 38 million for the year 2019.

Contingent liabilities

This pertains to rental and lease agreements and costs related to the renovation of the maincourt building: