IEF (Inflation Exchange Fund) traces its roots back to the 1980s and has become a leading real estate investor and manager specialised in structuring and optimising complicated real estate transactions. Transactions amounting to approximately 10 billion euro were completed which varied in type and size, but were often complex, because of, for instance, the fiscal and/or legal structure. Examples include delistings, sale and leaseback transactions and share deals. Multiple successful collaborations were formed in the past decades including the joint venture ‘IEF Capital’ with Bouwfonds IM, a subsidiary of Rabobank.
The real estate portfolios that IEF has managed and manages in mainly The Netherlands and USA consist of various types of real estate, with a focus on retail assets. Specifically, these retail premises are located at prime locations in mainly Dutch city centres and include distinctive buildings in the historic hearts of cities such as Amsterdam and Utrecht. As manager, IEF holds substantial equity stakes in its funds to ensure alignment of interests with investors.
Furthermore, apart from investing and managing, IEF has redeveloped various of its properties over the years and, for example, transformed single-tenant department stores into vibrant, multi-tenant, mixed-use buildings.
IEF has a long-term investment horizon and operates carefully, but decisively with a focus on high-quality locations and stable returns. The unique qualities of the assets have guaranteed the national and international interest of a large number of strategic and finance partners and institutional investors.
Given the high quality of its real estate portfolio and track record, IEF has access to numerous sources of finance. These sources include non-traditional ones like the inflation-linked products and bonds that IEF developed itself.