Institutional investors; investments in property 1980 - 2012

Institutional investors; investments in property 1980 - 2012

Periods Total institutional investors Total property (mld euro) Total institutional investors Direct property Total direct property (mld euro) Total institutional investors Direct property Residential buildings (mld euro) Total institutional investors Direct property Offices and shops (mld euro) Total institutional investors Direct property Other domestic direct property (mld euro) Total institutional investors Direct property Foreign direct property (mld euro) Total institutional investors Indirect property (mld euro) Pension funds Total property (mld euro) Pension funds Direct property Total direct property (mld euro) Pension funds Direct property Residential buildings (mld euro) Pension funds Direct property Offices and shops (mld euro) Pension funds Direct property Other domestic direct property (mld euro) Pension funds Direct property Foreign direct property (mld euro) Pension funds Indirect property (mld euro) Insurance corporations Total property (mld euro) Insurance corporations Direct property Total direct property (mld euro) Insurance corporations Direct property Residential buildings (mld euro) Insurance corporations Direct property Offices and shops (mld euro) Insurance corporations Direct property Other domestic direct property (mld euro) Insurance corporations Direct property Foreign direct property (mld euro) Insurance corporations Indirect property (mld euro) Investment funds Total property (mld euro) Investment funds Direct property Total direct property (mld euro) Investment funds Direct property Residential buildings (mld euro) Investment funds Direct property Offices and shops (mld euro) Investment funds Direct property Other domestic direct property (mld euro) Investment funds Direct property Foreign direct property (mld euro) Investment funds Indirect property (mld euro)
2012* 168.0 44.7 12.2 15.3 2.1 15.2 123.3 86.3 9.1 4.3 3.4 1.1 0.2 77.2 13.7 11.1 4.4 4.1 0.8 1.7 2.6 68.1 24.6 3.4 7.7 0.2 13.3 43.5
Source: CBS.
Explanation of symbols

Dataset is not available.


This table covers investments of institutional investors in property. It shows that institutional investors nowadays invest more indirectly in property by taking interests in investment funds that invest in property. Furthermore it enables analyses whether there is more or less invested in different types of direct property such as residential buildings or the combination of offices and shops.

Data available from:
Yearly figures from 1980, 1985, 1990, 1995 and 1999 to 2012.

Status of the figures:
The figures in this table are up to 2010 definitive, figures for 2011 are revised provisional figures and figures for 2012 are provisional. Because this table is discontinued, figures will not be updated anymore.

Changes as of 16 October 2014:
None, this table is discontinued.

When will new figures be published?
Not applicable anymore.
This table is replaced by table Institutional investors; investments in property. See paragraph 3.

Description topics

Total institutional investors
Institutional investors are units that invest capital that is acquired as a result of their activities. These activities are mainly the insurance of pensions and offering private investors opportunities to invest in selected risk profiles. The population of institutional investors contains pension funds, insurance corporations and investment funds.
Total property
Direct property
The investments in direct property are subdivided into:
- residential buildings;
- offices and shops;
- other domestic direct property: rural estates, parking lots, factory buildings, holiday parks;
- foreign direct property.
Total direct property
Residential buildings
Offices and shops
Other domestic direct property
Foreign direct property
Indirect property
Indirect property consists of interests in Dutch (for instance Corio, Rodamco, Vastned, and Wereldhave) and foreign investment funds that invest in property.
Pension funds
Pension funds provide pension services to employees. There are four groups of pension funds:
- industry-wide pension funds collecting money to insure the pensions of employees within a branch of industry.
- company pension funds collecting money to insure the pensions of employees of a specific company.
Industry-wide pension funds and company pension funds fall under section 1, item b of the Pensioen- en spaarfondsenwet (1952, Stb. 275) which has been replaced by the Pensioenwet (2006).
- other supervised pension funds
Pension funds for specific professions collecting money to insure the pensions of specific professionals. These pension funds fall under the Wet betreffende verplichte deelneming in een beroepspensioenregeling (1972; revised in 2005). Other pension funds include a small number of specific pension funds.
- pension funds that are not supervised
Early retirement funds, some small pension funds for specific professionals.
Total property
Direct property
The investments in direct property are subdivided into:
- residential buildings;
- offices and shops;
- other domestic direct property: rural estates, parking lots, factory buildings, holiday parks;
- foreign direct property.
Total direct property
Residential buildings
Offices and shops
Other domestic direct property
Foreign direct property
Indirect property
Indirect property consists of interests in Dutch (for instance Corio, Rodamco, Vastned, and Wereldhave) and foreign investment funds that invest in property.
Insurance corporations
Supervised insurance corporations fall under the Wet Toezicht Verzekeringsbedrijf (WTV 1993) or the Wet toezicht natura-uitvaartverzekeringsbedrijf (WTN). Life insurance corporations receive social contributions, invest them and pay social benefits to the insured or another beneficiary. Payments may be lump-sum or in terms.
Lump-sum payments are usual when the insured reaches a certain age or dies. Payments in term are usual until the death of the insured, or from his death onwards.
Non-life insurance corporations insure risks concerning other events than the decease of the insured. Insurance enterprises that are not supervised include reinsurance corporations, guarantee funds, health care regulations for civil servants, and some specific risk funds.
Total property
Direct property
The investments in direct property are subdivided into:
- residential buildings;
- offices and shops;
- other domestic direct property: rural estates, parking lots, factory buildings, holiday parks;
- foreign direct property.
Total direct property
Residential buildings
Offices and shops
Other domestic direct property
Foreign direct property
Indirect property
Indirect property consists of interests in Dutch (for instance Corio, Rodamco, Vastned, Wereldhave) and foreign investment funds that invest in property.
Investment funds
Investment funds collect funds from the general public by offering shares and invest these funds in shares, bonds, short-term securities, loans, real estate and deposits. Investment funds fall under the Wet toezicht beleggingsinstellingen (1990, Staatsblad 380), but with the exclusion of investment funds where more than 50 percent of their shares are owned by one insurance corporation. In the source for investment funds, supervisor De Nederlandsche Bank (DNB) implemented far-reaching changes early 2009.
The most important change is the extension of the population with institutional investment funds, i.e. investment funds where equity is owned by one or a limited number of institutional investors (pension funds, insurance corporations or other investment funds). The national accounts corrected for the break because of its revision policy. A corresponding correction has been applied here. The correction excludes the balance sheet figures at the end of 2008 of the then existing institutional investment funds. However, balance sheet changes as from 2009 of these funds as well as new institutional investment funds are included in the figures.
Total property
Direct property
The investments in direct property are subdivided into:
- residential buildings;
- offices and shops;
- other domestic direct property: rural estates, parking lots, factory buildings, holiday parks;
- foreign direct property.
Total direct property
Residential buildings
Offices and shops
Other domestic direct property
Foreign direct property
Indirect property
Indirect property consists of interests in Dutch (for instance Corio, Rodamco, Vastned, Wereldhave) and foreign investment funds that invest in property.