21 Contingent liabilities and assets

As at 31 December 2017, the Fund had unprovisioned contractual obligations for future repairs and maintenance of € 0.9 million (2016: € 3.0 million). The total future commitments as at 31 December 2017 amounted to € 113 million (2016: € 159 million). The commitments relate to the acquisition of Hourglass (Amsterdam) and the redevelopment of Building 1931 and Building 1962 (Amsterdam).

The Fund has a contractual agreement with Bouwinvest for an indefinite period in which it has to pay a management fee, based on the net asset value. The notice period is two years.