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<!--
  This file is part of the Dutch Taxonomy (Nederlandse Taxonomie; NT)
  Intellectual Property of the State of the Netherlands
  Architecture: NT13
  Version: 20181212.a
  Release date: Tue Jun 19 09:00:00 2018
-->
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    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1SumOfMembersOnAbstract2_loc" xlink:to="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1SumOfMembersOnAbstract2_label_NL" xlink:type="arc"/>
    <label:label id="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1SumOfMembersOnAbstract1_label_NL" xlink:label="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1SumOfMembersOnAbstract1_label_NL" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="nl">De sommatie van de gerapporteerde waarden voor onderliggende domeinleden BEHOORT gelijk te zijn aan de gerapporteerde waarde voor het bovenliggende domeinlid.</label:label>
    <label:label id="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1SumOfMembersOnAbstract2_label_NL" xlink:label="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1SumOfMembersOnAbstract2_label_NL" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="nl">De sommatie van de gerapporteerde waarden voor onderliggende domeinleden BEHOORT gelijk te zijn aan de gerapporteerde waarde voor het bovenliggende domeinlid.</label:label>
    <label:label id="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1PeriodStartMutationPeriodEnd1_label_NL" xlink:label="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1PeriodStartMutationPeriodEnd1_label_NL" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="nl">Gerapporteerde waarde van InvestmentProperties aan het einde van de periode BEHOORT gelijk te zijn aan de sommatie van de gerapporteerde waarde van InvestmentProperties aan het begin van de periode en de mutaties gedurende de periode, InvestmentPropertiesMovement.</label:label>
    <label:label id="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1SumOfChildrenParentDebit1E2_label_NL" xlink:label="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1SumOfChildrenParentDebit1E2_label_NL" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="nl">InvestmentProperties BEHOORT gelijk te zijn aan de sommatie van de onderliggende waarden.</label:label>
    <label:label id="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1FactExplicitEQFactNonExplicit3_label_NL" xlink:label="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1FactExplicitEQFactNonExplicit3_label_NL" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="nl">InvestmentProperties gerapporteerd met ClassesOfInvestmentPropertiesAxis en CommercialRealEstateInExploitationMember BEHOORT gelijk te zijn aan CommercialRealEstateInExploitation zonder ClassesOfInvestmentPropertiesAxis en CommercialRealEstateInExploitationMember.</label:label>
    <label:label id="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1FactExplicitEQFactNonExplicit1_label_NL" xlink:label="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1FactExplicitEQFactNonExplicit1_label_NL" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="nl">InvestmentProperties gerapporteerd met ClassesOfInvestmentPropertiesAxis en InvestmentPropertiesMember BEHOORT gelijk te zijn aan InvestmentProperties zonder ClassesOfInvestmentPropertiesAxis en InvestmentPropertiesMember.</label:label>
    <label:label id="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1FactExplicitEQFactNonExplicit5_label_NL" xlink:label="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1FactExplicitEQFactNonExplicit5_label_NL" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="nl">InvestmentProperties gerapporteerd met ClassesOfInvestmentPropertiesAxis en RealEstateInDevelopmentForOwnExploitationMember BEHOORT gelijk te zijn aan RealEstateInDevelopmentForOwnExploitation zonder ClassesOfInvestmentPropertiesAxis en RealEstateInDevelopmentForOwnExploitationMember.</label:label>
    <label:label id="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1FactExplicitEQFactNonExplicit4_label_NL" xlink:label="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1FactExplicitEQFactNonExplicit4_label_NL" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="nl">InvestmentProperties gerapporteerd met ClassesOfInvestmentPropertiesAxis en RealEstateSoldSubjectTermsConditionsMember BEHOORT gelijk te zijn aan RealEstateSoldSubjectTermsConditions zonder ClassesOfInvestmentPropertiesAxis en RealEstateSoldSubjectTermsConditionsMember.</label:label>
    <label:label id="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1FactExplicitEQFactNonExplicit2_label_NL" xlink:label="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1FactExplicitEQFactNonExplicit2_label_NL" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="nl">InvestmentProperties gerapporteerd met ClassesOfInvestmentPropertiesAxis en SocialRealEstateInExploitationMember BEHOORT gelijk te zijn aan SocialRealEstateInExploitation zonder ClassesOfInvestmentPropertiesAxis en SocialRealEstateInExploitationMember.</label:label>
    <label:label id="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1SumOfChildrenParentDebit1E1_label_NL" xlink:label="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1SumOfChildrenParentDebit1E1_label_NL" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="nl">InvestmentPropertiesAdditions BEHOORT gelijk te zijn aan de sommatie van de onderliggende waarden.</label:label>
    <label:label id="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1SumOfChildrenParentDebit1E3_label_NL" xlink:label="NotesConsolidatedInvestmentPropertiesMovementHousing_PrtFST1SumOfChildrenParentDebit1E3_label_NL" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="nl">InvestmentPropertiesMovement BEHOORT gelijk te zijn aan de sommatie van de onderliggende waarden.</label:label>
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