# Wholesale Trade of Glass Industry Pension Fund

Wholesale Trade of Glass Industry Pension Fund is an Industry-wide Pension Fund based in Heerlen, Netherlands.

## Overview

- **Organization type:** Industry-wide Pension Fund
- **Headquarters:** Heerlen, Netherlands
- **Region:** Europe
- **Address:** Heerlen, Netherlands
- **Assets under management:** Undisclosed
- **Website:** http://www.bpfv.nl
- **LinkedIn:** https://www.linkedin.com/company/bpfv

## Regulatory record

- **Reports private funds:** No

## About

Wholesale Trade of Glass Industry Pension Fund is a public pension fund based in Heerlen, Netherlands. It manages approximately $1.8 billion in assets, primarily focused on European investments.

## Sectors

- Real Estate
- Fixed Income

## People

- Heiko Hoogendijk — Chairman of the Board
- Machielsen — Independent Chairman since December 2023

## Questions

### How is the fund governed, and who are the social partners?

Bouwend Nederland Vakgroep Glas (GBO) and Vereniging van Verfgroothandelaren in Nederland (VVVH) serve as social partners, representing employers in the Dutch glass and paint wholesale industries respectively. The board includes both employer and employee representatives, with an independent chairman added in December 2023 following the PHJ merger.

### What real estate funds does the fund invest in?

Known positions include the CBRE Real Estate Eurosiris Fund, a pan-European commercial property vehicle, and CBRE Dutch Retail Fund II, focused on Netherlands retail assets. The fund also holds a direct stake in Klepierre, the publicly traded European shopping-center REIT. Together these commitments form the indirect real estate portfolio with a Netherlands-and-Europe geographic footprint.

### What happened to the Timber Processing and Yacht Building Pension Fund (PHJ)?

PHJ was acquired and merged into BPF Vlakglas in 2022, consolidating the timber processing and yacht building sector scheme under the glass wholesale fund's governance and administration. The merger expanded the fund's participant base and asset pool beyond the original glass-wholesale mandate.

### How is the fund related to other Dutch sector pension funds?

BPF Vlakglas is a member of the Pensioenfederatie, the trade body for Dutch pension funds. Its consolidation of the PHJ scheme positions it as a consolidator within the broader landscape of Dutch mandatory industry-wide funds, which have faced regulatory pressure to merge smaller schemes for cost efficiency and governance improvements.

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- [Whole Planet Foundation](https://altss.com/profile/whole-planet-foundation)
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Last updated: 2026-06-03T20:00:00.000Z

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