AIFMD and Depositary
The ARC Fund (the AIF) and its Fund Manager (Amvest REIM B.V., the AIFM) are fully within the scope of the AIFM Directive.
Dutch law
The AIFMD requires investment funds to prepare an annual report including fund manager’s report according to Dutch law. Certain requirements included in the law should be disclosed in the fund manager’s report.
INREV
Since 2002, the European Association for Investors in Non-listed Real Estate Vehicles (INREV) has published various guidelines and recommendations that were incorporated into a set of standard INREV Guidelines.
EU Taxonomy
The EU Taxonomy for sustainable activities is a classification system established to clarify which investments are environmentally sustainable. The aim of the taxonomy is to prevent greenwashing and to help investors make greener choices.
Sustainable Finance Disclosure Regulation
The European Union has set in motion a legislative program regarding environmental, social and governance (ESG) for the financial services industry. Part of this package is the Sustainable Finance Disclosure Regulation (or “SFDR”).
SFDR at the fund level
On the basis of the SFDR, financial market participants are required to indicate how they handle sustainability risks and to detail the consequences of this approach. In addition, the regulation contains transparency requirements at fund level.
Debt Funding
The ARC Fund has a well-diversified funding structure, consisting of a combination of secured and unsecured bank debt, an unsecured U.S. private placement (USPP) and an unsecured green bond.
Living together and being together in Jonas’
When Henriëtte Breunis (65+) left her life in Toronto behind, it was not an easy decision. The desire to live closer to her son brought her to the Netherlands, where she found a new home in Jonas’ on IJburg in Amsterdam.
Consolidated statement of profit or loss and other comprehensive income
* No other comprehensive income to be presented over the reported periods.
Consolidated statement of financial position
The notes on pages 65 to 76 are an integral part of these Financial Statements.