On 26 February 2014 Bouwinvest Real Estate Investment Management B.V. became one of the first parties in the Netherlands to be granted a license under the Alternative Investment Fund Managers Directive (AIFMD) by the AFM.
The AIFMD, which entered into force in the Netherlands on 22 July 2013, introduced harmonised obligations for managers of alternative investment funds, such as private equity parties and real estate funds. These include the obligation to obtain a license.
Bouwinvest, subsidiary of 'Stichting Bedrijfstakpensioenfonds voor de Bouwnijverheid' (Collective Pension Fund for the Construction Industry), is an asset manager specialised in real estate funds for institutional investors, and manages various real estate funds. On this basis it was required to apply for an AIFMD license from the AFM.
Due to the complex rules introduced by the AIFMD, it took the AFM seven months to issue the first FIFMD licenses, including that of Bouwinvest.
NautaDutilh assisted Bouwinvest in drawing up the license request and guided it through the whole process. The NautaDutilh team that advised Bouwinvest consisted of Larissa Silverentand, Rosemarijn Labeur and Wouter Wehmeijer.