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Financial statements

21 Contingent liabilities and assets

As at 31 December 2018, the Fund had unprovisioned contractual obligations for future repairs and maintenance of € 1.2 million (2017: € 0.9 million).

The total future commitments as at 31 December 2018 amounted to € 224 million (2017: € 113 million). The commitments relate to the acquisition of Central Park (Utrecht), Hourglass (Amsterdam) and the redevelopment of Building 1931 and Building 1962 (Amsterdam).

Investment commitments (in € million)

2019

2020

>2021

Central Park, Utrecht

26

32

67

Hourglass office, Amsterdam

74

2

-

Building 1931 (Zuid)

17

-

-

Building 1962 (Noord)

6

-

-

 

123

34

67

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.

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