a.s.r. real estate

Corporate governance and voting policy

ASR Real Estate B.V. (a.s.r. real estate) qualifies as an AIF-manager of ASR Property Fund FGR (‘ASR Property Fund’). As an AIF-manager a.s.r. real estate commits to social responsible investing and being an active shareholder accordingly with the Shareholder Rights Directive (2017/828 EU).

Legal scope and policy ASR Property Fund
The shareholder engagement policy of a.s.r. real estate is based on the following:
• Wft (Wet op het financieel toezicht); and
• SRD II (Shareholder Rights Directive).

Other a.s.r. policies that share common ground with the shareholder engagement policy are:
• Conflict of interest policy of ASR Nederland N.V. and a.s.r real estate
• ESG policy ASR Nederland N.V.
• ESG policy a.s.r. real estate
• ESG policy ASR Property Fund

Scope
The portfolio management of ASR Property Fund’s European listed real estate portfolio has been outsourced to AXA Investment Management S.A. (‘AXA IM’). For the corporate governance and voting policy a.s.r. real estate follows AXA IM’s policy, which you can find here. The casted votes during the past reporting year by AXA IM on behalf of ASR Property Fund can be found here.

Review
Outsourced activities are reviewed at least once a year by a.s.r. real estate in accordance with regulatory requirements. Besides the annual review of outsourced activities a.s.r. real also frequently reviews if AXA IM’s policy is in accordance with the investment policy that a.s.r. real estate has set out for the ASR Property Fund. More information about ASR Property Fund’s investment policy can be found here [only available in Dutch].