Investment Management

Multi Real Estate Investment Management B.V. (Multi REIM) was established to provide investors access to a leading European retail real estate management platform.

Multi REIM obtained the license as manager of investment funds in the meaning of article 2:65 Act on Financial Supervision (Wft) from the Dutch Authority Financial Markets (AFM) on 4 October 2024 under license number 15005660.


FUNDS UNDER MULTI REIM MANAGEMENT

Effective as of 8 December 2025, Mult REIM took on the management of Parque Península, SIC Imobilíara Fechada, S.A., a closed end real estate investment fund that owns the B-Planet shopping center in Portugal. The fund is currently closed.

OUR MANAGEMENT

Multi REIM is governed by a management board consisting of 3 members:

  • Steven Poelman acts as Multi REIM’s Chief Executive Officer and Compliance Director. Poelman has fulfilled numerous managerial and board membership roles and acted as CFO and managing director at various companies and is therefore highly skilled and experienced in leadership, general management and managerial roles. Next, Mr. Poelman has been in real estate development, asset and property management since 2003 and has vast experience in deal structuring and closing real estate transactions, both acquiring and divesting real estate and therefore knows the markets and business Multi REIM is active in very well.
  • Elmar Schoonbrood is Multi REIM’s Chief Investment Officer. Mr. Schoonbrood possesses the background, knowledge and skillset required to perform well in the CIO role. Mr. Schoonbrood has fulfilled numerous board memberships and acted as managing director at various companies too and has therefore gained vast experience in leadership and managerial roles. Next, Mr. Schoonbrood has been in real estate, asset and property management since 2014 with a particular focus on deal structuring and closing real estate transactions. Next, he has vast network in the real estate sector, comprising institutional investors (potential LPs), banks (future funding), developers and competitors (potential transactions).
  • Erik van Eysden is Multi REIM’s Chief Finance & Risk Officer. Mr. van Eijsden has gained extensive experience as Director Tax & Structuring, manager, financial controller and supervisor in the fields of Finance and Tax, Risk Management, policies and procedures, business applications and administrative organization & internal controls at both Multi Corporation BV, Teleworld Holding BV and Coopers & Lybrand Accountants (nowadays PwC). In addition, as a finance professional he has adequate knowledge of governance and risk management, process management and financial accounting & reporting and tax compliance.

Sustainability

Based on Regulation 2019/2088 on sustainability-related disclosure in the financial service sector, we disclose information on how sustainability risks and principle adverse impacts are integrated in the investment decision processes.  Below we explain the following elements:

  1. Transparency of sustainability risk policies at entity level (article 3 SFDR)
  2. Transparency of adverse sustainability impacts at entity level (article 4 SFDR)

1. Sustainability risks

Sustainability risks may have a negative impact on the return of investments. A sustainability risk means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of an investment.

Multi Real Estate Investment Management (‘Multi REIM’), as fund manager, has integrated sustainability risks as part of its investment decision-making and risk monitoring process for its funds. During the due diligence phase of new investments, Multi REIM assesses whether there are any sustainability risks, by performing a climate risk assessment. During that climate risk assessment Multi REIM checks whether the property is subject to climate risks such as coastal and river flood, wind, drought, and wildfire.

If sustainability risks are detected Multi REIM determines whether risk mitigation action can be performed or decide not to acquire the property.

2. No consideration of adverse sustainability impacts

An investment decision could lead to a negative effect on sustainability factors, such as environmental, social and employee matters, human rights and/or anti-corruption and anti-bribery matters. Such negative effect is called a Principal Adverse Impact (PAI).

Multi REIM decided that, considered its nature and scale of its activities and the range of investments, it will not take into account the adverse impacts of its investment decisions on sustainability factors. The reason for this is that Multi REIM currently is not able to measure or gather all the data needed against a reasonable effort and cost. Multi REIM will periodically review, if it is opportune to take PAI into account in the future.

3. Remuneration policy disclosure

Multi REIM can pay staff a combination of fixed remuneration (salary and benefits) and variable remuneration (carried interest and bonus). There is no fixed variable remuneration and therefore it is discretionary and dependent on the performance of the employee, the performance of the funds and the overall results of fund manager whether a variable remuneration is paid. There is an appropriate balance between the variable and fixed components. The fixed remuneration represents a sufficiently high proportion of the total remuneration to allow Multi REIM the possibility not to pay any variable remuneration at all.

Next to this, Multi REIM uses both quantitative (financial) and qualitative (non-financial) criteria for assessing individual performance. The quantitative and qualitative criteria and the balance between them are specified and clearly documented in the assessment form as discussed individually with the employee. Examples of qualitative (non-financial) measures which may be used by Multi REIM are the achievement of strategic targets, investor satisfaction, adherence to Risk Management Policy, compliance with internal and external rules, adherence to the mandates, leadership, management, teamwork, creativity, motivation and cooperation with control functions and others business units.

Such determined qualitative criteria could rely on compliance with risk control measures and audit results. Furthermore, in the assessment, unethical or non-compliant behaviour doesn’t just affect the bonus but might also lead to dismissal. Same for fraud and serious misconduct. (e.g. breach of code of conduct resulting in a significant failure of internal controls).

Due to all these measures the remuneration policy of Multi does incentivise compliance to policies and procedures and behaviour in line with the fund’s risk profile and appetite and does promote a responsible approach to managing sustainability risks to an acceptable level. None of Multi REIM’s staff, including its Board members, receive annual compensation in excess of EUR 1 million. Moreover, no variable remuneration has been paid out for 2025.