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2017 at a glance

The office portfolio at a glance

Portfolio characteristics

  • € 469 million in Dutch office properties (14 assets, 194,717 m²) at year-end 2017

  • € 82 million in Dutch office redevelopment projects (2 assets, 18,453 m²) at year-end 2017

  • € 45 million in Dutch office development project (1 asset, approx. 21,058 m2) at year-end 2017

  • All investments in core regions: Amsterdam, Rotterdam, The Hague and Utrecht

  • Focus on multi-tenant assets

  • High percentage of green energy labels (A, B or C label)

  • Retained GRESB five-star rating (top 20% of best-performing real estate funds worldwide)

Core region policy

The Funds' core regions closely correlate with the trends towards urbanisation and a knowledge-based economy. The Fund distinguishes primairy and secondary core regions. In 2017, the core region policy was tightened in such a way that only Amsterdam, Rotterdam, The Hague and Utrecht are now considered core regions.

The target is to have 80% of the total portfolio value invested in properties in these core regions. This currently stands at 100%.

The Office Fund's core regions based on market value

Major segment

Multi-tenant assets

A Multi-tenant exploitation may reduce the volatility of revaluations and could increase the control of asset management risks, thanks to multiple lease agreements with different expiry dates and debtors.

A diverse office population enhances a building’s image as a natural, inspiring meeting place. To reinforce the dynamic character of such work and meeting spaces, it is important to offer additional (shared) facilities in or in the immediate vicinity of the building. These can include catering establishments, shops, childcare facilities and other amenities, plus a range of networking spaces.

Users vary by sector, culture and nationality, but also in their requirements for office space. A flexible lay-out is essential to accommodate the workforce of a large corporate head office, as well as smaller satellite offices. Active asset management also enables the Fund to respond quickly to the changing and evolving needs of its varied tenant base.

Portfolio composition by single vs multi-tenant based on market value
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