The Netherlands, a national picture

Transcription

1 , a national picture Office and industrial property market Fact sheets January 6

2 Dear reader, Many years ago DTZ Zadelhoff started reporting on the national and regional developments on the market for office and industrial space. Our presence in all regions of the Netherlands gives us access to detailed and enriched data, which is subsequently structured and analysed by our Research department. The bundle The Netherlands, a national picture comprises various regional fact sheets accompanied by a brief analysis. Together, the fact sheets offer a good impression of national dynamics. The most important conclusions of the report are stated below. Vacancy in the office market has declined for the first time since 8. At year-end, vacancy amounted to.8% of the total office stock (of 9. million m²). In comparison with the situation a year earlier, approx., m² less vacant office space is currently available. There have not only been positive developments on the supply side of the office market, but also on the demand side. in is % up on with a total of. million m² of office space being occupied by office users. There are clear signs of concentration: 7% of national take-up was realised in the Netherlands four largest cities, as compared with % in. On the industrial property market too, activity was up on the preceding year. in amounted to. million m², which is 8% up on, and higher than the long-term average (8 ). Logistics service providers in particular were active. Indeed, the five largest transactions all involved distribution centres. Michael Kors signed a lease to, m² in, while PVH Europe occupied 9, m² at Trade Port-North in Venlo. Large-scale transactions increasingly have an effect on total take-up. The stock of industrial space in the Netherlands totals,69 hectares. While there has been growth on the take-up side of the industrial property market, availability also showed a slight increase of.%. You can find these developments and many other analyses in, a national picture. For specific questions or to request tailor-made fact sheets, contact our Research department or our specialists in the various DTZ Zadelhoff offices. Our contact particulars can be found at the back of this bundle and on Jeroen de Bruijn Chairman of the Board DTZ Zadelhoff

3 Table of contents Fact sheets office and industrial property market January 6 Region Office market Industrial market Almere 6 Amsterdam and surrounding area 8 6 Arnhem Nijmegen and surrounding area 8 Breda and surrounding area The Hague and surrounding area Ede and Veenendaal 6 Eindhoven and surrounding area 8 6 Friesland 8 Gooi and Eemland 6 Groningen, Assen and Emmen 6 Haarlemmermeer 6 6 s-hertogenbosch, Tilburg and Waalwijk 8 66 Limburg 68 Rotterdam and surrounding area 7 Twente 7 Utrecht and surrounding area 6 7 Zwolle, Apeldoorn and Deventer 8 76 Real estate data and general data 78

4 Fact sheets office property market January 6 Office jobs,6,8 vs..9% 8,, m².9% 9,, m².%,6, m² % Vacancy 7,8, m² (.8%).7% Rents* e per m²/year *Incentives excluded.8% Office jobs index 8= 9 9 in use x, m ( m lfa), 7,,, 8, in use Vacancy (.8% ) Source: LISA Source: Bak, DTZ Zadelhoff and availability x, m ( m lfa) 9, 8, 7, 6,,,,,, 8 9 Average take-up 8 - Vacancy % of stock ( m lfa) Amsterdam Rotterdam The Hague Utrecht Eindhoven Haarlemmermeer Arnhem Vacancy Vacancy Dutch average by user category outer ring -, inner ring - ( m lfa) 6% Industry, trade and transport Business services % % % 6% % 9% % % % IT Banking and insurance Public and non-profit organisations by size category x, m ( m lfa) 9, 8, 7, 6,,,,,, 8 9 -,,-,,-,,-, >, Overheid en overigen Non-profit Overheid en overigen Non-profit

5 Fact sheets office property market January 6 Gross initial yields in % North East South West Rents for office space in euro per m /year* Region from to from to Greater Amsterdam 7 7 Rotterdam and surrounding area 6 6 The Hague and surrounding area 6 6 Utrecht and surrounding area Haarlemmermeer Eindhoven and surrounding area Arnhem Nijmegen and surrounding area Zwolle, Apeldoorn and Deventer s-hertogenbosch and Tilburg Gooi and Eemland Twente Breda and surrounding area 6 7 Groningen and Assen 8 7 Limburg 8 8 Almere Friesland 7 7 Ede and Veenendaal 7 7 * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account. Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space Amsterdam South-East ING Bank, Amsterdam Teleport/Sloterdijk Chipsoft, Rotterdam Alexandrium/Oosterhof National Police 6, Amsterdam Southern IJ-banks Booking.com, The Hague Oostduinlaan Shell, Leeuwarden Station area Aegon, Zwolle Hanzeland National Police 9, Utrecht De Meern Joulz 8, Zoetermeer Afrikaweg Technip 7,7 Schiphol Centre Samsung 6,8 Capelle aan den IJssel Veenendaal Amstelveen Almere Best Stichtse Vecht Gouda Hengelo Amersfoort Rijswijk Deventer Nieuwegein Houten Delft Zoetermeer Breda Schiedam Helmond Almelo Bergen op Zoom Rotterdam Heerenveen Ede Zwolle Assen Drechtsteden Apeldoorn Hilversum Haarlemmermeer Amsterdam Eindhoven Arnhem Leiden Enschede Nijmegen Maastricht (incl. airport/beek) Groningen Etten-Leur The Hague Tilburg Utrecht Leidschendam-Voorburg Veldhoven Zeist Heerlen Venlo 's-hertogenbosch Roermond Oosterhout Leeuwarden Haarlem Son en Breugel Diemen Roosendaal Smallingerland Vacant space at the municipal level in % of stock, % % % % % % % % Source: Bak, DTZ Zadelhoff Dutch Average

6 Almere Fact sheets office property market January 6 Office jobs 6,8 vs..7% 8, m².% 8, m².6%, m² % Vacancy 66, m² (8.%).% Rents* e 9 per m²/year *Incentives excluded.% Office jobs index 8= Vacancy % of stock ( m lfa) Almere Zwolle Hilversum Amsterdam Diemen Almere Source: LISA Vacancy Vacancy Dutch average and availability x, m ( m lfa) Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) % % % % 7% 7% % % 9% Almere Industry, trade and transport Business services 6% % % % 6% % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations in the municipality of Almere totalled, m² in, which is % up on the same period in. Current take-up levels nevertheless continue to lag behind the long-term average. The Almere office market is characterised by relatively small transactions. The largest transaction in concerned the housing of Infomedics (,7 m²). Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken While office availability Banken in Almere increased by.% to 8, m² during Industrie, Handel en Transport, vacancy nevertheless dropped by.%. That reflects an increase in space being put on the market while still occupied. At year-end, vacancy Industrie, Handel en Transport amounted to 8.% of the total office stock. The ratio between availability and ratio is high, bringing pressure to bear on rents in the municipality of Almere. Average rent remained stable at EUR 9 per m² per year. 6

7 Almere Fact sheets office property market January 6 Office locations Centre Muziekwijk Almere Poort Gooisekant/Gooise Poort Almere Harbour Almere Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space Almere Centre Infomedics,7 Centre Windesheim Flevoland, Gooisekant/Gooise Poort Alturna Networks, Gooisekant/Gooise Poort SD Worx Systems 9 Centre Patiënt 6 Rents for office space in euro per m /year* Almere Centre Muziekwijk 8 7 Gooisekant/Gooise Poort 6 6 Almere Harbour * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account. Gross initial yields in % East West

8 Amsterdam and surrounding area Fact sheets office property market January 6 Amsterdam, Diemen and Amstelveen Office jobs 76, vs..8%,, m² 6.6% 6,86, m².6% 87, m².% Vacancy,9, m² (6.%) % Rents* e 9 per m²/year *Incentives excluded.% Office jobs index 8= 9 9 Vacancy % of stock ( m lfa) Amsterdam Diemen Amstelveen Rotterdam The Hague Utrecht Amsterdam and surrounding area Source: LISA Vacancy Vacancy Dutch average and availability x, m ( m lfa),, Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) % 6% 6% 8% % % % 9% % % 7% 8% % % % % Amsterdam and % % The surrounding area Netherlands Industry, trade and transport Business services IT Banking and insurance Public and non-profit organisations The most noteworthy development in the Amsterdam region concerns the vacancy percentage, which dropped over the past year from 8.% to 6.% of the total office stock. Expressed in square metres, vacancy is, m² down on. Although the municipality of Amsterdam accounted for most of the downward movement in office vacancy (-, m²), Amstelveen also made a modest contribution (-, m²). Overheid en overigen en overigen Non-profit Non-profit Overheid en overigen en overigen Non-profit Non-profit Zakelijke Dienstverlening Zakelijke Dienstverlening Office take-up in the Amsterdam region totalled 87, m² Banken in, which is 9.% up on the year before. Banken Three transactions involved a minimum of, m², namely the housing of ING Bank in Zuidoost (, m²), Chipsoft on Teleport/Sloterdijk (, m²) and Booking.com Industrie, Handel Handel (, en Transport en Transport m²) on the southern banks of the River IJ. It is particularly noteworthy that three of the six largest transactions in took place in Teleport/Sloterdijk, a district characterised by low dynamics in preceding years. Average rent in the Amsterdam region rose by.% in. Industrie, Handel Handel en Transport en Transport 8

9 Amsterdam and surrounding area Fact sheets office property market January 6 Amsterdam, Diemen and Amstelveen Office locations Teleport/Sloterdijk Westas Riekerpolder North A Amsterdam Southern IJ-Oevers 6 Centre 7 Old-South 6 8 Zuidas 9 Buitenveldert Amstelveen De Omval Amstel Business Park Diemen 8 7 Diemen South-East Houthavens 9 A Schiphol Amstelveen Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space Amsterdam South-East North-side ING Bank, Teleport/Sloterdijk Chipsoft, Southern IJ-banks Booking.com, Centre Tech Hub, Teleport/Sloterdijk Douwe Egberts Master Blenders, Teleport/Sloterdijk Rivièra Maison,7 Gross initial yields in % West Rents for office space in euro per m /year* Amsterdam Teleport/Sloterdijk Westas Riekerpolder Amsterdam-North 9 9 Southern IJ-banks/Houthavens Centre 6 6 Old-South 9 Zuidas Buitenveldert 7 7 De Omval 6 Amstel Business Park South-East Amstelveen Diemen * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account

10 Arnhem Nijmegen and surrounding area Fact sheets office property market January 6 Arnhem, Nijmegen and Overbetuwe Office jobs 6, vs..7% 76, m² %,6, m².9% 6, m² % Vacancy 6, m² (%) 9.% Rents* e 9 per m²/year *Incentives excluded.8% Office jobs index 8= Arnhem Nijmegen City Region Vacancy % of stock ( m lfa) Arnhem Nijmegen Ede Veenendaal Vacancy Vacancy Dutch average Apeldoorn s-hertogenbosch Source: LISA and availability x, m ( m lfa) Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) % 7% % 6% % % 7% % Industry, trade and transport Business services 8% Arnhem Nijmegen City Region 6% % % % 6% % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office take-up in the Arnhem-Nijmegen urban region during was % down on the year before. The take-up of 6, m² was mainly realised by firms operating in the industrial, trade, transport and business services sectors. The largest transaction was concluded at Oranjesingel, where Capter Nijmegen occupied,6 m². Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken Office availability Banken in the urban region dropped by % to 76, m². This can Industrie, Handel en Transport be partly attributed to the slight shrinkage of stock (.9%). With 6, m² of all available office space actually physically vacant, vacancy stands at %. Rent Industrie, Handel en Transport levels moved downward slightly by.8% to an average of EUR 9 per square metre per year.

11 Arnhem Nijmegen and surrounding area Fact sheets office property market January 6 Arnhem, Nijmegen and Overbetuwe Office locations ARNHEM Station area Kroonpark/Groningensingel Velperweg Gelderse Poort Arnhem 6 Arnhems Buiten 6 IJsseloord II NIJMEGEN 7 Station area Duiven Zevenaar 8 Brabantse Poort 9 Lindenholt/Kerkenbos ZEVENAAR Mercurion Nijmegen Wijchen Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space Nijmegen Station area Capter Nijmegen,6 Kerkenbos Bedrijfspoli, Kerkenbos Fire X, Arnhem Arnhems Buiten NRG,8 Gelderse Poort Sichting Pleyade,6 Kadestraat Provincie Gelderland, Gross initial yields in % East Rents for office space in euro per m /year* Arnhem Centre/Station area Kroonpark/Groningensingel 9 9 Velperweg 9 9 Gelderse Poort Arnhems Buiten 8 8 IJsseloord II 9 Nijmegen Centre/Station area Brabantse Poort 9 9 Lindenholt/Kerkenbos 7 7 Zevenaar Mercurion 8 8 Elst 9 8 * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account.

12 Breda and surrounding area Fact sheets office property market January 6 Breda, Oosterhout, Etten-Leur, Bergen op Zoom and Roosendaal Office jobs 6, vs..%, m² 6.%,7, m².% 6, m² 7% Vacancy 8, m² (7.8%) % Rents* e per m²/year *Incentives excluded.7% Office jobs index 8= Vacancy % of stock ( m lfa) Breda Oosterhout Etten-Leur Bergen op Zoom Roosendaal Breda and surrounding area Source: LISA Vacancy Vacancy Dutch average and availability x, m ( m lfa) Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) 6% 7% % % % % % % % 6% Industry, trade and transport Business services Breda and surrounding area 6% % % % 6% % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Lower take-up characterised the office market in the Breda region in, slumping by 7% from 6, m² in to 6, m² in. The largest transaction in Breda was at Stadionkwartier, where the Belgium software developer AXI leased, m² of office space. With office availability in rising by 6.% on, the office market in West-Brabant can be characterised Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken as very slack. At Banken year-end, office availability was times higher than take- Industrie, Handel en Transport up. Noteworthy is also the sharp rise in vacancy in the region. Practically all the office space that was on the market in, but still in use, physically became Industrie, Handel en Transport vacant during the course of. As a result, vacancy in the Breda region rose by % to 7.8%.

13 Breda and surrounding area Fact sheets office property market January 6 Breda, Oosterhout, Etten-Leur, Bergen op Zoom and Roosendaal Office locations BREDA AND Oosterhout SURROUNDING AREA Centre/Station area Claudius Prinsenlaan 7 8 Ettense Baan Westerhagelaan Moleneind 6 Stadionkwartier 7 Europark 8 Hoevestein 9 Bredaseweg 9 6 Breda Parklaan/Trivium Etten-Leur ROOSENDAAL/ BERGEN OP ZOOM Centre Roosendaal A7 Bovendonk E A8 Centre Bergen op Zoom A Roosendaal E A8 Bergen op Zoom A km Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space Breda Stadionkwartier AXI, Ettense Baan Top-Care Health Services, Station area BDO Accountants en Belastingadviseurs, Stadionkwartier Argenta Spaarbank 9 Bergen op Zoom Boerenverdriet Rens & Partners 9 Roosendaal Centre Accessio Arbeidsdiensten 8 Gross initial yields in % South Rents for office space in euro per m /year* Breda Centre/Station area 9 9 Claudius Prinsenlaan Ettense Baan 9 9 Westerhagelaan Moleneind 6 7 Stadionkwartier Oosterhout Europark Hoevestein Etten-Leur Bredaseweg/Parklaan/Trivium Roosendaal Centre 7 7 Bovendonk 9 9 Bergen op Zoom Centre * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account. 7 7

14 The Hague and surrounding area Fact sheets office property market January 6 The Hague, Leiden, Rijswijk, Leidschendam-Voorburg, Delft, Zoetermeer and Gouda Office jobs 6, vs..%,9, m².% 7,, m².8% 8, m² 7% Vacancy,9, m² (6.7%) 6.6% Rents* e per m²/year *Incentives excluded.6% Office jobs index 8= Vacancy % of stock ( m lfa) Leiden The Hague Rijswijk Leidschendam- Voorburg Delft Zoetermeer Gouda The Hague and surrounding area Vacancy Vacancy Dutch average Source: LISA and availability x, m ( m lfa),,, Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) % 7% 9% 7% % % 8% % 7% % Industry, trade and transport Business services The Hague and surrounding area 6% % % % 6% % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office space take-up in The Hague region during totalled 8, m², which is 7% up on. This strong surge in the office market is attributed mainly to a number of large transactions. At Oostduinlaan, Shell leased over, m² of new office space, while UWV contracted,8 m² at Laakhaven (HS). Besides these large transactions, the past year saw numerous relocations, whereby the organisations involved generally lease less space than they Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken leave behind. Despite Bankenthe clear rise in dynamics, the already high availability Industrie, Handel en Transport consequently expanded further to,9, m², which represents a rise of.% on year-end. This also called an end to the downward trend that Industrie, Handel en Transport started in. Vacancy for the entire The Hague region was 6.7% at year-end.

15 The Hague and surrounding area Fact sheets office property market January 6 The Hague, Leiden, Rijswijk, Leidschendam-Voorburg, Delft, Zoetermeer and Gouda Office locations New Centre Beatrixkwartier CS Kwadrant Congress centre area In de Boogaard 6 Hoornwijck 7 Rokkeveen 8 Binckhorst 9 Laakhaven HS Ypenburg Forepark Plaspoelpolder Delft-North The Hague 9 8 Leidschendam-Voorburg 6 Hofzichtpark/Mariahoeve Boerhaavelaan 6 Zoetermeer 6 City centre Zoetermeer 7 Rijswijk Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space The Hague Oostduinlaan Shell, Laakhaven HS UWV,8 Koningskade ABN AMRO Bank, Zoetermeer Afrikalaan Technip 7,7 Rokkeveen SRK Rechtsbijstand 6, Leiden Zernikedreef Galapagos/Batavia, Gross initial yields in % West Rents for office space in euro per m /year* The Hague New Centre 9 9 Beatrixkwartier CS Kwadrant 6 6 Congress centre area 6 6 Binckhorst 6 6 Laakhaven HS 7 7 Ypenburg 9 9 Forepark Hofzichtpark/Mariahoeve 6 6 Rijswijk In de Boogaard 8 8 Hoornwijck 8 7 Plaspoelpolder 6 Delft Delft-North 9 9 Zoetermeer Rokkeveen 9 9 Boerhaavelaan 9 9 City centre 8 8 Leiden Bio-sciencepark 6 6 Central Station 6 6 Leidschendam-Voorburg 9 9 Gouda Goudse Poort 7 6 * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account.

16 Ede and Veenendaal Fact sheets office property market January 6 Office jobs, vs..%, m².6%, m².%, m² 7% Vacancy 99, m² (.8%).6% Rents* e 9 per m²/year *Incentives excluded.% Office jobs index 8= Vacancy % of stock ( m lfa) Ede Veenendaal Utrecht Amersfoort Arnhem Nijmegen Ede and Veenendaal Source: LISA Vacancy Vacancy Dutch average and availability x, m ( m lfa) Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) 9% 6% 6% 6% 8% 7% % % 9% % % 7% 8% % Ede and Veenendaal Industry, trade and transport IT Business services % % % % % The Netherlands Banking and insurance Public and non-profit organisations Office take-up in the Ede-Veenendaal region in was 7% down on. Around, m² was sold or let, primarily to commercial service providers (8%). As regards office users, trade and transport is also an important sector, accounting for a 6% share, which is in line with the national trend. R&W Automotive (, m²) and Invacare (, m²) took up space at De Vallei in Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen en overigen Non-profit Non-profit Zakelijke Dienstverlening Banken Ede. Banken in the region dropped slightly by.6% to, m², Industrie, Handel Handel en Transport en Transport while vacancy rose slightly to.8% of stock, whereby it should be noted that the office stock in this region is, in absolute terms, very modest. High availability Industrie, Handel en Transport helped drive down rent levels by.% to an average of EUR 9 per square metre per year. 6

17 Ede and Veenendaal Fact sheets office property market January 6 Office locations Veenendaal-Centre De Faktorij/De Vendel De Batterijen De Compagnie Ede station area 8 6 De Vallei 7 Edese Manen Ede 8 Ede-Centre 9 Horapark Veenendaal Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space Ede Keesomstraat Bruil,8 De Vallei R&W Automotive, De Vallei Invacare, Keesomstraat VO Services 6 Veenendaal De Faktorij Crown Slim Werken 9 De Faktorij ITON 8 Gross initial yields in % East Rents for office space in euro per m /year* Ede De Vallei 9 9 Edese Manen 8 8 Ede-Centre 7 7 Horapark Station area 8 8 Veenendaal Veenendaal-Centre 9 9 De Faktorij/De Vendel 8 8 De Batterijen 9 9 De Compagnie 8 8 * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account. 7

18 Eindhoven and surrounding area Fact sheets office property market January 6 Eindhoven, Helmond, Best, Son en Breugel and Veldhoven Office jobs 7,7 vs..6%, m² %,98, m².% 9, m² 9.% Vacancy, m² (.9%) % Rents* e per m²/year *Incentives excluded.9% Office jobs index 8= Vacancy % of stock ( m lfa) Eindhoven Son en Breugel Veldhoven Best Helmond Tilburg Eindhoven and surrounding area Source: LISA Vacancy Vacancy Dutch average and availability x, m ( m lfa) Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) % % 6% 6% % % 9% 6% 7% % % % % % 9% % Eindhoven and % The surrounding area Netherlands Industry, trade and transport Business services IT Banking and insurance Public and non-profit organisations Office take-up in the Eindhoven region amounted to 9, m² in, a 9% increase in relation to. Despite a decline in numbers of office jobs, the demand for office space increased, particularly in the industrial services sector (9%). HERE Europe rented,6 m² in the Kennedy Business District for example, while the government and industrial sectors also remained highly prominent, with transactions including,m² by the National Police in Eindhoven and, m² by ASML in Veldhoven. Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen en overigen Non-profit Non-profit Zakelijke Dienstverlening Banken Office stock in Banken Eindhoven is on the decline (.%) due to various Industrie, Handel en Transport transformations, while availability has followed suit, dropping by % to, m² at year-end. Expectations are that stock will continue to Industrie, Handel en Transport decline for some time to come. The annual rent for office space dropped Industrie, Handel en Transport to EUR per square metre in, which reflects a drop of.9%. 8

19 Eindhoven and surrounding area Fact sheets office property market January 6 Eindhoven, Helmond, Best, Son en Breugel and Veldhoven Office locations Son en Breugel Station area Centre Stadionkwartier Best Ring Kennedy Business District 6 Strijp-S 7 Poort van Metz Helmond 8 8 Helmond-Centre 9 Park Diepenvoorde Flight Forum Science Park Eindhoven Breeven Eindhoven Airport De Hurk/Croy Groot Schooten 6 De Run Veldhoven 6 7 Eindhoven 6 9 Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space Eindhoven Kennedy Business District HERE Europe,6 Boschdijktunnel National Police, Strijp-S Various tenants,6 Limburglaan Altran/ NSPYRE, Flight Forum SPIE Nederland, Veldhoven De Run ASML, Gross initial yields in % South Rents for office space in euro per m /year* Eindhoven Centre/Stadionkwartier 6 6 Ring Kennedy Business District 6 6 Strijp-S 6 6 Poort van Metz Flight Forum/Eindhoven Airport 9 De Hurk/Croy 8 8 Helmond Centre 8 8 Groot Schooten 8 8 Waalre Park Diepenvoorde Best Breeven 8 8 Son Science Park Eindhoven 9 9 Veldhoven De Run * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account

20 Friesland Fact sheets office property market January 6 Leeuwarden, Heerenveen and Drachten Office jobs 6, vs..% 9, m².% 8, m².%, m² % Vacancy 87, m² (.6%).% Rents* e 9 per m²/year *Incentives excluded.6% Office jobs index 8= Vacancy % of stock ( m lfa) Heerenveen Leeuwarden Smallingerland Groningen Assen Friesland Source: LISA Vacancy Vacancy Dutch average and availability x, m ( m lfa) Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) 8% % 7% % % % 7% % 6% Friesland Industry, trade and transport Business services 6% % % % 6% % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office space take-up in Friesland totalled, m² in, which is % up on the year before. With over, m², the relocation of the Aegon insurance company in Leeuwarden was by far the largest transaction of the year. The leased office space comprises two of the seven building sections in an existing office complex near Leeuwarden Station. The current owner of the Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken Aegon complex Banken is examining the feasibility of transforming the premises into Industrie, Handel en Transport residential space. Office availability rose by % and currently stands at 9, m². Of this, Industrie, Handel en Transport 87, m - i.e.,.6% - is physically vacant. Rent levels remained relatively stable at EUR 9 per square metre per year.

21 Friesland Fact sheets office property market January 6 Leeuwarden, Heerenveen and Drachten Office locations LEEUWARDEN Station area Oostergoweg Tesselschadestraat FEC-City Lange Marktstraat Leeuwarden Heerenveen DRACHTEN Centre Business park Azeven HEERENVEEN K.R. Poststraat Station area Abe Lenstra Boulevard Drachten Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space Leeuwarden Station area Aegon, Drachten Business park Imtech Nederland B.V.,6 Heerenveen K. R. Poststraat AfterPay 9 Gross initial yields in % North Rents for office space in euro per m /year* Leeuwarden Station area 7 7 Oostergoweg Tesselschadestraat 7 7 FEC-City 7 7 Lange Marktstraat 8 8 Drachten Centre 8 8 Business park 7 7 Azeven 8 8 Heerenveen K.R. Poststraat 8 8 Station area Abe Lenstra Boulevard 9 9 Sneek 7 7 * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account.

22 Gooi and Eemland Fact sheets office property market January 6 Amersfoort and Hilversum Office jobs, vs..% 6, m² %,8, m².% 6, m² 9% Vacancy 9, m² (.%).9% Rents* e per m²/year *Incentives excluded.% Office jobs index 8= Vacancy % of stock ( m lfa) Amersfoort Hilversum Utrecht Almere Ede Veenendaal Gooi and Eemland Source: LISA Vacancy Vacancy Dutch average and availability x, m ( m lfa) 8 9 Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) 9% % 6% 7% % 7% % % 7% Industry, trade and transport Business services Gooi and Eemland 6% % % % 6% % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office space take-up in the Gooi & Eemland region during totalled 6, m², which is 9% down on the preceding year, mainly due to the absence of large transactions in Hilversum and Amersfoort during. Eviso accounted for the largest transaction in the region with the take-up of,7 m² in the Hilversum station area. The largest take-up in Amersfoort Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken involved Trivento Banken (, m²) at Calveen. Both firms operate in the second to Industrie, Handel en Transport largest sector for transactions throughout the region, namely industrial services. throughout the region rose by % to 6, m² in, whereas Industrie, Handel en Transport rents dropped by an average of.% to EUR per square metre per year.

23 Gooi and Eemland Fact sheets office property market January 6 Amersfoort and Hilversum Office locations AMERSFOORT Station area South-side 8 Station area North-side Historic city centre/ City ring De Brand De Berg 6 Podium 7 De Hoef 8 Calveen 9 De Wieken Amersfoort Hilversum HILVERSUM Station area Mediapark Business park ArenA Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space Hilversum Station area Eviso,7 Laapersveld Stichting Bink, Utrechtseweg Stichting Robertshuis 9 Amersfoort Station area South-side EDSN Nederland,9 Calveen Trivento, De Brand DHL Europe Express 9 Gross initial yields in % East West Rents for office space in euro per m /year* Amersfoort Station area Historic city centre/city ring De Berg 7 6 De Hoef/Calveen/De Brand/De Wieken 8 8 Hilversum Station area Mediapark 7 6 Business park Arena 6 Leusden 7 7 Zeist Boulevard 7 7 Utrechtseweg 8 7 * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account.

24 Groningen and Assen Fact sheets office property market January 6 Office jobs 6, vs..% 8, m².8%,, m².8% 8, m² 9% Vacancy 79, m² (.6%).% Rents* e per m²/year *Incentives excluded.% Office jobs index 8= Vacancy % of stock ( m lfa) Groningen Assen Zwolle Leeuwarden Heerenveen Groningen and Assen Source: LISA Vacancy Vacancy Dutch average and availability x, m ( m lfa) Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) 7% 6% 6% % % % % % % % 9% % % % % 9% 9% % Groningen % The % and Assen Netherlands Industry, trade and transport IT Banking and insurance Business services Public and non-profit organisations Office take-up in Groningen and Assen jumped by 9% to 8, m² in. Both Assen and Groningen saw a rise in take-up on. Groningen accounted for the region s three largest transactions, namely, m² by the Public Prosecutions Department at Emmaplein; BAM Bouw & Techniek, which leased,7 m² in various premises at Jeverweg, and Belsimpel, which leased,8 m² in the city centre. Largely due to these transactions, availability Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen en overigen Non-profit Non-profit Zakelijke Dienstverlening Banken throughout the Banken region declined by.8% to a level of 8, m², while the Industrie, Handel Handel en Transport en Transport vacancy dropped to.6%. Despite positive market developments during the preceding few years, rent levels also showed a decline in. Rents have Industrie, Handel en Transport dropped slightly by.% during the course of and currently average EUR per square metre per year.

25 Groningen and Assen Fact sheets office property market January 6 Office locations GRONINGEN Kranenburg Europapark Station area/ Verbindingskanaalzone 7 6 Martini Trade Park Corpus den Hoorn-South Groningen 6 Hunzepark 7 Zernike Science Park 8 De Meeuwen ASSEN Kloosterveen Station area Peelerpark 8 Assen Borgstee Messchenveld Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space Groningen Emmaplein Openbaar Ministerie, Jeverweg BAM Bouw en Techniek,7 Waagstraat Belsimpel.nl,8 Martini Trade Park Jeugdbescherming Noord, Martini Trade Park Seatrade, Assen Kloosterveen Stichting Vanboeijen,8 Station area Reaal Verzekeringen, Gross initial yields in % North Rents for office space in euro per m /year* Groningen Kranenburg Europapark Station area/verbindingskanaalzone Martini Trade Park 8 9 Corpus den Hoorn-South 9 9 Hunzepark 9 9 Zernike Science Park 8 8 De Meeuwen Assen Kloosterveen Station area 9 Peelerpark Borgstee Messchenveld * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account.

26 Haarlemmermeer Fact sheets office property market January 6 Hoofddorp, Schiphol, Nieuw-Vennep, Badhoevedorp and Lijnden Office jobs, vs..6%, m² %,8, m².9%, m² 89% Vacancy, m² (6.%) 7% Rents* e per m²/year *Incentives excluded.8% Office jobs index 8= Vacancy % of stock ( m lfa) Haarlemmermeer 9 Haarlemmermeer Haarlem Amsterdam Amstelveen Diemen Leiden The Hague Vacancy Vacancy Dutch average Source: LISA and availability x, m ( m lfa) 8 9 Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) % % % % % 6% % % % Industry, trade and transport Business services Haarlemmermeer 6% % % % 6% % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office take-up in the municipality of Haarlemmermeer totalled approx., m² in. Despite a growth of 89% in relation to, take-up was not exceptionally high in comparison to the preceding eight years. The largest transaction was that concluded by Samsung (6,8 m²) at Schiphol Centre, followed by SBM Offshore (, m²), which also leased space at Schiphol Centre. Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken in Haarlemmermeer Banken dropped by % to, m², while office Industrie, Handel en Transport stock in the region also contracted slightly. Rent levels nudged downward by.8% to an average of EUR per square metre per year. Industrie, Handel en Transport 6

27 Haarlemmermeer Fact sheets office property market January 6 Hoofddorp, Schiphol, Nieuw-Vennep, Badhoevedorp and Lijnden Office locations Lijnden Hoofddorp-Centre Beukenhorst-East Beukenhorst-West Beukenhorst-South Badhoevedorp De Hoek-North 6 Schiphol-Centre 7 Schiphol-East 8 Schiphol-Rijk 9 Schiphol-South Badhoevedorp Hoofddorp 6 Schiphol Nieuw-Vennep Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space Schiphol Centre Samsung Electronics Benelux 6,8 Centre SBM Offshore, South Electronics for Imaging,7 South PeopleWare Solutions,6 Hoofddorp Beukenhorst East ASICS Europe,7 Beukenhorst West Global Collect Services, Nieuw-Vennep Markweg Seceurtronics Nederland, Gross initial yields in % West Rents for office space in euro per m /year* Hoofddorp Centre Beukenhorst-East 7 7 Beukenhorst-West 9 9 Beukenhorst-South 7 7 De Hoek-North 8 8 Schiphol Centre 6 6 East 6 6 Rijk 8 6 South 6 6 Badhoevedorp 9 7 Lijnden * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account. 7

28 s-hertogenbosch and Tilburg Fact sheets office property market January 6 Office jobs 9, vs..% 8, m² 8%,6, m².%, m² 6% Vacancy 6, m² (.%) 6% Rents* e per m²/year *Incentives excluded.% Office jobs index 8= Vacancy % of stock ( m lfa) s-hertogenbosch Tilburg Breda Oosterhout Eindhoven s-hertogenbosch and Tilburg Source: LISA Vacancy Vacancy Dutch average and availability x, m ( m lfa) s-hertogenbosch s-hertogenbosch Tilburg Tilburg Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) % 8% % % 7% % % % 7% s-hertogenbosch and Tilburg Industry, trade and transport IT Business services 6% 6% % % 9% % % % % % The Netherlands Banking and insurance Public and non-profit organisations Office take-up in this region totalled, m² in, which is 6% down on. While lease renewals are not included in the take-up figures, it is nevertheless worth mentioning Essent s lease renewal at Willemsplein in s Hertogenbosch. This implies that it will continue to occupy its existing, m² of office space for several years to come. The largest relocation in this region was that of Mosadex, which occupied, m² at De Brand in shertogenbosch. Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken Despite the decline Banken in the number of market movements, office availability Industrie, Handel en Transport has not increased. actually dropped by 8% during the year to 8, m². Of this, 6, million m² is vacant, representing.% of the Industrie, Handel en Transport total stock. With the exception of Friesland, this region therefore has the lowest regional vacancy of office space in the Netherlands. Average rent levels in this region are under pressure, levelling out in at EUR per square metre per year. 8

29 s-hertogenbosch and Tilburg Fact sheets office property market January 6 Office locations S-HERTOGENBOSCH High Tech Parc Pettelaarpark Paleiskwartier De Rietvelden/De Vutter Brabantpoort 6 Maaspoort 6 8 Tilburg 7 De Brand 8 De Herven TILBURG Spoorzone s Hertogenbosch 7 t Laar Prof. Cobbenhagenlaan Ringbaan West Katsbogten Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space s-hertogenbosch De Brand Mosadex, Paleiskwartier POSG, De Herven Panasonic Benelux, Peperstraat Ritmeester Cigars 8 Maaspoort Caris Geographic 6 Rosmalen Brabantpoort Lensvent Medical 9 Gross initial yields in % South Rents for office space in euro per m /year* s-hertogenbosch De Brand 8 8 De Herven 8 8 De Rietvelden/De Vutter 7 7 High Tech Parc 7 7 Pettelaarpark Paleiskwartier 6 6 Tilburg Spoorzone 9 9 Prof. Cobbenhagenlaan Ringbanen t Laar 9 8 Zaltbommel Waluwe * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account. 9

30 Limburg Fact sheets office property market January 6 Maastricht (incl. Airport/Beek), Heerlen, Roermond and Venlo Office jobs 6,6 vs..% 86, m² %,, m².%, m² 8% Vacancy 86, m² (%) 7.6% Rents* e per m²/year *Incentives excluded.8% Office jobs index 8= Vacancy % of stock ( m lfa) Limburg 9 Maastricht Heerlen Roermond Eindhoven Helmond incl. Airport Vacancy Vacancy Dutch average Venlo Source: LISA and availability x, m ( m lfa) Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) 6% % % 8% % % % % % Limburg Industry, trade and transport Business services 6% 6% % % 9% % % % % % The Netherlands IT Banking and insurance Public and non-profit organisations was a disappointing year for Limburg. Transactions involved no more than, m², causing take-up to be 8% lower than the level recorded in. Half of the take-up can be attributed to Ericsson Telecommunicatie that contracted, m² in Randwijck-Noord in Maastricht. Xonar and IPG also occupied office space at Randwijck-Noord in. Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken Despite these low Banken dynamics, office availability dropped by % to 86, m². Industrie, Handel en Transport All this space is actually vacant and represents % of the total office stock. dropped in the municipalities of Maastricht and Heerlen, Industrie, Handel en Transport stabilisation was booked in Roermond, while vacancy further increased in the municipality of Venlo. Rent levels in the region are under pressure, resulting in an average of EUR per square metre per year, which is.8% down on the year before.

31 Limburg Fact sheets office property market January 6 Maastricht (incl. Airport/Beek), Heerlen, Roermond and Venlo Office locations MAASTRICHT A7 Centre/Station area Randwijck-North N8 Ceramique Geusselt Maastricht Airport Maastricht Roermond HEERLEN Centre/Station area Avantis Coriopolis ROERMOND Centre km A7 VENLO E A67 Centre Noorderpoort Trade Port Venlo Heerlen A7 Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space Maastricht Randwijck-North Ericsson Telecommunicatie, Randwijck-North Xonar 8 Randwijck-North IPG 6 Heerlen Willemstraat Levanto Gross initial yields in % South Rents for office space in euro per m /year* Maastricht Centre/Station area Randwijck-North 9 9 Ceramique Geusselt 9 9 Maastricht Airport 9 9 Heerlen Centre/Station area 9 9 Avantis 9 7 Coriopolis Roermond Centre 9 9 Venlo Centre 9 9 Noorderpoort Trade Port 8 8 Sittard Business park North 9 9 Weert Business park North 9 9 * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account.

32 Rotterdam and surrounding area Fact sheets office property market January 6 Rotterdam, Capelle a/d IJssel, Schiedam and Drechtsteden Office jobs,7 vs..9%,, m².%,88, m².%, m² 7% Vacancy 98, m² (.%).% Rents* e per m²/year *Incentives excluded.% Office jobs index 8= Rotterdam and surrounding area Vacancy % of stock ( m lfa) Rotterdam Capelle a/d IJssel Schiedam Drechtsteden Vacancy Vacancy Dutch average Delft The Hague Source: LISA and availability x, m ( m lfa),, Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) 8% 6% 6% % % 8% % % % 9% 7% % % % % Industry, trade and transport Business services Rotterdam and surrounding area % % % % % The Netherlands IT Banking and insurance Public and non-profit organisations in the Rotterdam region in was the highest since 8. Total take-up by office organisations was, m², more than twice as much as in. The largest transaction was realised at Alexandrium/Oosterhof, where the National Police occupied 6, m². Total take-up in the municipality of Rotterdam was nearly, m², which accounts for % of the national take-up. Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken in the Banken Rotterdam region contracted slightly by % to,, m². Industrie, Handel en Transport Most of this available space is actually physically vacant, which implies that vacancy rose by a mere.% to.%. Vacancy in Capelle a/d IJssel Industrie, Handel en Transport rose to.6% of stock, which is the highest level of all municipalities in the Netherlands. Vacancy in the Schiedam and Drechtsteden areas dropped to.% and 7.9%, respectively.

33 Rotterdam and surrounding area Fact sheets office property market January 6 Rotterdam, Capelle a/d IJssel, Schiedam and Drechtsteden Office locations 7 Central Station Centre 6 Kop van Zuid Marconiplein/Parklane Brainpark 6 Alexandrium/Oosterhof 7 Rotterdam Airport 8 Zuidplein 9 Schieveste (Schiedam) Schiedam 9 Capelle a/d IJssel Rivium/Fascinatio Rotterdam 8 Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space Rotterdam Alexandrium/Oosterhof National Police 6, Central Station KPMG Meijburg,9 Kop van Zuid Nidera, Centre Vastgoedbeheer/PBG,8 Dordrecht Wieldrechtseweg Tankstorage Assets, Weizigtweg UWV, Gross initial yields in % West Rents for office space in euro per m /year* Rotterdam Centre 9 9 Central Station Kop van Zuid Marconiplein/Parklane 9 Brainpark 6 Alexandrium/Oosterhof 9 9 Rotterdam Airport 7 6 Zuidplein 8 8 Schiedam Schieveste Capelle a/d IJssel Rivium 6 6 Barbizon Capelle Office Park 9 8 Hoofdweg 8 7 Dordrecht Amstelwijck Centre 9 9 * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account.

34 Twente Fact sheets office property market January 6 Enschede, Hengelo and Almelo Office jobs 9,9 vs..% 87, m² % 9, m².%, m² 7% Vacancy 86, m² (9.%) 6% Rents* e 9 per m²/year *Incentives excluded % Office jobs index 8= Vacancy % of stock ( m lfa) Enschede Hengelo Almelo Deventer Twente Source: LISA Vacancy Vacancy Dutch average and availability x, m ( m lfa) 8 9 Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) % 8% % 8% 7% 7% 7% % % Twente Industry, trade and transport Business services 6% % % % 6% % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office take-up worked out 7% higher in, amounting to, m². Despite higher transaction dynamics than the preceding year, take-up nevertheless remained approx., m² below the long-term average. While the majority of office transactions were concluded in Enschede, office take-up was also recorded in both Almelo and Hengelo during the year. The largest transaction was that of KroeseWevers Accountants, which moved into the former premises of Deloitte at B&S Park in Enschede. Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken The availability Banken of industrial space in the Twente region rose by % in Industrie, Handel en Transport to 87, m². Office availability declined primarily in Almelo (minus, m²) and Enschede (minus, m²). While availability also dropped Industrie, Handel en Transport in the municipality of Hengelo (minus 6, m²), vacancy there remained high, at 6.7%. Despite increased take-up and declining availability, average rents remained stable at EUR 9 per square metre per year.

35 Twente Fact sheets office property market January 6 Enschede, Hengelo and Almelo Office locations Enschede-Centre Business & Science Park Zuiderval Hengelo-Centre Westermaat Almelo 6 (Campus/Oosterbosch) 6 Almelo-Centre 7 Twentepoort 7 A E A Hengelo E A A Enschede km Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space Enschede Business & Science Park KroeseWevers Accountants,7 Centre Topicus 9 Centre Mediant Geestelijke Gezondheidszorg 9 Hengelo Westermaat Plasticon 9 Westermaat Stichting Carmel College 7 Almelo Station area Bureau Jeugdzorg Overijssel 6 Rents for office space in euro per m /year* Enschede Centre 7 7 Business & Science Park 7 7 Zuiderval Hengelo Centre 7 7 Westermaat (Campus/Oosterbosch) Almelo Centre 7 7 Twentepoort 6 6 * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account. Gross initial yields in % East

36 Utrecht and surrounding area Fact sheets office property market January 6 Utrecht, Stichtse Vecht, Nieuwegein and Houten Office jobs, vs..% 7, m².6%,, m².% 98, m².% Vacancy 6, m² (.%).% Rents* e per m²/year *Incentives excluded.7% Office jobs index 8= Vacancy % of stock ( m lfa) Utrecht Stichtse Vecht Nieuwegein Houten Zeist Utrecht and surrounding area Source: LISA Vacancy Vacancy Dutch average and availability x, m ( m lfa) Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) 7% 7% 8% 6% 6% % 9% 7% % 6% Industry, trade and transport Business services Utrecht and surrounding area 6% % % % 6% % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office take-up in the Utrecht region during totalled 98, m², which is.% up on the preceding year. Major transactions included the temporary accommodation of Joulz (8, m²) at Oudenrijn, followed by the occupation of 6, m² at Papendorp by Chubb Fire & Security. Partly as a result of Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken increased dynamics, Bankenvacancy in the Utrecht region and surrounding area Industrie, Handel en Transport dropped to.%, which is.% down on the preceding year. rose marginally to 7, m², accompanied by a slight decline in the average rent Industrie, Handel en Transport to EUR per square metre per year. 6

37 Utrecht and surrounding area Fact sheets office property market January 6 Utrecht, Stichtse Vecht, Nieuwegein and Houten Office locations UTRECHT Station area Utrecht Maliebaan/Old Centre Rijnsweerd Kanaleneiland Papendorp 6 City centre Leidsche Rijn 7 Leidsche Rijn-North 8 Overvecht 9 Lage Weide Oudenrijn (De Meern) NIEUWEGEIN Nieuwegein-Centre Merwestein Plettenburg HOUTEN Molenzoom Stichtse Vecht Utrecht 6 Nieuwegein Houten STICHTSE VECHT Zuilense Ring/Bisonspoor Large-scale transactions office space Town/City Location Tendant/Purchaser Floor space Utrecht Oudenrijn Joulz 8, Papendorp Chubb Fire & Security 6, Lage Weide Volker Wessels Telecom,7 Station area Propertize,8 Station area The Office Operators,6 Ravellaan Feniks Talent, Gross initial yields in % West Rents for office space in euro per m /year* Utrecht Station area Rijnsweerd Kanaleneiland Lage Weide 8 8 Overvecht 8 8 Papendorp 6 6 Maliebaan 9 9 Old Centre 7 7 Oudenrijn (De Meern) 9 6 Citycentre Leidsche Rijn 7 6 Nieuwegein Centre 8 8 Plettenburg 6 6 Merwestein 7 7 Houten Molenzoom Maarssen Zuilense Ring/Bisonspoor 6 7 * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account. 7

38 Zwolle, Apeldoorn and Deventer Fact sheets office property market January 6 Office jobs 7,6 vs..8% 6, m² %,87, m².8% 6, m² 7% Vacancy, m² (9%) 8.% Rents* e 9 per m²/year *Incentives excluded.9% Office jobs index 8= Vacancy % of stock ( m lfa) Zwolle Deventer Apeldoorn Arnhem Enschede Zwolle, Apeldoorn and Deventer Source: LISA Vacancy Vacancy Dutch average and availability x, m ( m lfa) Average take-up 8 - by user category outer ring -, inner ring - ( m lfa) 9% 6% 7% 6% 7% 6% % 6% 9% Industry, trade and transport Business services Zwolle, Apeldoorn and Deventer 6% % % % 6% % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations The Zwolle, Apeldoorn and Deventer region has experienced growth in office take-up with 6, m² of office space occupied in, an increase of 7% on. This is the highest level achieved since 7, and also exceeds the long-term average take-up. Occupation by the National Police of 9, m² on Hanzeland and 6,7 m² by the Waterschap Drents Overijsselse Delta on Oosterenk in Zwolle played a significant role in this development. Government bodies and other non-profit organisations accounted for 9% of the market dynamics in and. By comparison: the share for the whole of the Netherlands amounts to just 6%. In addition to relocations, a number of quite considerable renegotiations were concluded during the year with, for example, Overheid en overigen Non-profit Overheid en overigen Non-profit, m² by the UWV in Zwolle. in the region dropped by % Zakelijke Dienstverlening to 6, m². Zakelijke Differences Dienstverlening between the municipalities were nevertheless Banken evident. Vacancy Banken in Zwolle rose slightly to 8%, while that in Deventer and Industrie, Handel en Transport Apeldoorn declined to.% and 7.8%, respectively. Particularly noteworthy is the significant year-on-year drop of.% recorded in Apeldoorn, which Industrie, Handel en Transport results from the withdrawal of office space from the market for transformation into residential units. However, these percentages remain above the national average of.8%. At :, the ratio of availability to take-up is nevertheless more favourable than the national ratio. 8