The Netherlands, a national picture

Transcription

1 The Netherlands, a national picture Office and industrial property market Fact sheets mid

2 Dear reader, Welcome to the The Netherlands, a national picture for mid. In this compilation we present fact sheets showing national and regional developments in the office and industrial property market. DTZ Zadelhoff has been monitoring the dynamics of the market carefully right from 98, creating a basis on which developments can be tracked closely over time. The Netherlands, a national picture has been published since 6. For the first time, the fact sheets are now furnished with a brief analysis in which the most important findings are explained per region. The sum total of all the regions offers a good picture of the national dynamic. Although the national dynamic does not explain the situation of a region, a municipal area, a sub-section or a building, it does certainly sketch out the context in which developments occur. Many movements in the Dutch office market and Dutch industrial property market are in accord. Thus absorption has increased in the first half of compared to the same period in, while there is a growth in the range of available space, rental prices are under pressure and the number of office and industrial jobs is in decline. In the first half of, office space users which were relocating have absorbed 97, sqm in office space. This represents an increase of.% compared to absorption in the first half of. The largest transaction was accommodation for the National Police in Rotterdam, involving 6, sqm. The National Police was also responsible for the third-largest transaction in the Netherlands. In Zwolle it absorbed 9,6 sqm. Notable among the top- largest transactions is that, in contrast to previous years, it does not include any transactions in Amsterdam. However three transactions in Rotterdam and two in The Hague were indeed in the top-. In both cities, the absorption level in the first six months of has already been higher than the absorption level at the end of. Some.8 million square metres of industrial space was absorbed in the first half of. This represents a.8% growth over the same period in. Logistics service providers account for major transactions in the Netherlands. Eight of the ten largest transactions were distribution centres for logistics service providers. The largest transaction occurred in Limburg and was, sqm of accommodation for DSV Logistics at the Trade Park North in Venlo. In second place was a transaction of, sqm by Eurofar International in Tilburg. The above and many other findings can be found in The Netherlands, a national picture for mid. The brief analysis added per fact sheet shows some of these findings per region. Should you still have any specific questions, or if you would like to have a fact sheet created to order, please get in touch with our Research department, or our specialists operating from the various DTZ Zadelhoff branches. You can find our contact details in these fact sheets, or at Jeroen de Bruijn Chairman of the Board DTZ Zadelhoff

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

4 The Netherlands Fact sheets office property market mid Office jobs,6,8 vs..9% Availability 8,6, sqm.6% 9,, sqm.% Take-up 97, sqm st half vs. st half.% Vacancy 7,997, sqm (6.%).7% Rents* e per sqm/year *Incentives excluded,% Office jobs index 8= 9 9 in use x, sqm ( sqm lfa), 7,,, 8, The Netherlands 8 in use 9 (mid) Vacancy (6,% mid ) Source: LISA Source: Bak, DTZ Zadelhoff Take-up and availability x, sqm ( sqm lfa) 9, 8, 7, 6,,,,,, 8 9 (mid) Take-up Availability Forecast take-up Average take-up 8 - Vacancy % of stock ( sqm lfa) The Netherlands Amsterdam Rotterdam The Hague Utrecht Eindhoven Haarlemmermeer Arnhem Vacancy Vacancy mid Dutch average mid Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) Availability by size category x, sqm ( sqm lfa) 9, 8, % 7, 9% % 6, %, 9%, % %, %, % %, The Netherlands 8 9 Industry, trade and transport IT Banking and insurance (mid) Business services Public and non-profit organisations -,,-,,-,,-, >, Overheid en overigen Non-profit Overheid en overigen Non-profit

5 The Netherlands Fact sheets office property market mid Gross initial yields in % North East South West Best locations Best locations Best locations Best locations Rents for office space in euro per sqm/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 and Nijmegen City Region Zwolle, Apeldoorn and Deventer s-hertogenbosch and Tilburg Gooi and Eemland Twente Breda and surrounding area 7 6 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 mid Town/City Location Tendant/Purchaser Floor space Rotterdam Alexandrium/Oosterhof National Police 6, The Hague Oostduinlaan Shell, Zwolle Hanzeland National Police 9,6 Rotterdam Central station Spaces 7, Middelburg Het Groene Woud Hogeschool Zeeland,9 The Hague Laakhaven HS UWV,9 Rotterdam Kop van Zuid Nidera, Gouda Goudse Poort J.P. van Eesteren, Purmerend Gorslaan Bose, Oss Euterpehof Gemeente Oss, Hengelo Capelle aan den IJssel Gouda Amstelveen Veenendaal Almere Stichtse Vecht Best Nieuwegein Helmond Zoetermeer Deventer Schiedam Amersfoort Apeldoorn Son en Breugel Rotterdam Almelo Rijswijk Delft Houten Hilversum Haarlemmermeer Breda Ede Zwolle Enschede Bergen op Zoom Arnhem Eindhoven Amsterdam Heerenveen Drechtsteden Assen Tilburg Utrecht 's-hertogenbosch Zeist Veldhoven Heerlen Groningen Maastricht (incl. airport/beek) Leiden Roermond Nijmegen The Hague Oosterhout Etten-Leur Haarlem Roosendaal Venlo Leidschendam-Voorburg Leeuwarden Smallingerland Diemen Vacant space at the municipal level in % of stock, mid % % % % % % % % Source: Bak, DTZ Zadelhoff Dutch Average

6 Almere Fact sheets office property market mid Office jobs 6,8 vs..7% Availability 8, sqm.8% 8, sqm.6% Take-up, sqm st half vs. st half % Vacancy 78, sqm (.%).7% Rents* e 9 per sqm/year *Incentives excluded.% Office jobs index 8= Vacancy % of stock ( sqm lfa) Almere Zwolle Hilversum Amsterdam Diemen Almere Source: LISA The Netherlands Vacancy Vacancy mid Dutch average mid Take-up and availability x, sqm ( sqm lfa) (mid) Take-up Availability Forecast take-up Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) 9% 8% % % 7% % 9% % % Almere Industry, trade and transport Business services 9% % % % % % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office space take-up in Almere during the first six months totalled approx., sqm, which is % down on the same period in. The largest transaction concerned the take-up of 9 sqm on Gooise Poort by SD Workx. Also driven by these low take-up figures, availability further rose by.8% to 8, sqm. Of this, 78, sqm -.% of the office stock Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken in Almere - is physically Banken vacant. High availability in office space combined Industrie, Handel en Transport with poor transaction dynamics will of course impact on rent levels. Indeed, the average rent per square metre per year dropped by.% and now averages Industrie, Handel en Transport EUR 9. 6

7 Almere Fact sheets office property market mid Office locations Centre Muziekwijk Almere Poort Gooisekant/Gooise Poort Almere Harbour Almere Large-scale transactions office space mid Town/City Location Tendant/Purchaser Floor space Almere Gooisekant/Gooise Poort SD Workx 9 Centre Patiënt 6 Gooisekant/Gooise Poort WEBR Centre VIC Rents for office space in euro per sqm/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 Best locations West Best locations

8 Amsterdam and surrounding area Fact sheets office property market mid Amsterdam, Diemen and Amstelveen Office jobs 76, vs..8% Availability,7, sqm.% 6,86, sqm.6% Take-up 86, sqm st half vs. st half 6% Vacancy,, sqm (7.8%).9% Rents* e 9 per sqm/year *Incentives excluded.9% Office jobs index 8= 9 9 Vacancy % of stock ( sqm lfa) Amsterdam Diemen Amstelveen Rotterdam The Hague Utrecht Amsterdam and surrounding area Source: LISA The Netherlands Vacancy Vacancy mid Dutch average mid Take-up and availability x, sqm ( sqm lfa),, (mid) Take-up Availability Forecast take-up Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) 7% % 7% 9% 8% % % % 9% 7% % % % % % 7% Amsterdam and % % surrounding area Industry, trade and transport IT Business services % % The Netherlands Banking and insurance Public and non-profit organisations Office space take-up in Amsterdam during the first six months totalled 86, sqm, which is 6% down on the same period in. In contrast with other years, very few large-scale office transactions were recorded during the past twelve months. In the first half of, the largest transactions were ING (, sqm) and Calvin Klein (, sqm). The largest transaction during the past half-year involved Douwe Egberts that signed a lease to, sqm at Teleport/Sloterdijk, which office location proved during that period to be remarkably popular among larger office users. Unlike in recent years, Teleport/ Sloterdijk now firmly leads the local popularity polls with four of the six largest transactions in the region of Amsterdam. Despite poor transaction dynamics, office space availability in the greater Amsterdam region further dropped by.% to 8.% of the stock, and now totals approx.. million square metres. Overheid en overigen en overigen Non-profit Non-profit Overheid en overigen Non-profit That the significant drop-in takeover during the six months only had a limited Zakelijke Dienstverlening Zakelijke Dienstverlening influence on the availability percentage was caused by the Banken many property transformations Banken that took place in the region. Availability dropped, for example, following the sale of the former Palace of Justice, which will be transformed into a hotel. It was also decided Industrie, Handel Handel to convert en Transport en Transport part of the Rivierstaete office building into a hotel, while several hotel chains have occupied former vacant office buildings in the Zuidoost district. In Amstelveen, the former Bavinckstaete office building, which measures, sqm, will also be converted into a hotel. Rent levels are appearing to recover from the downward trend during recent years and currently average EUR 9 per sqm per year. Industrie, Handel en Transport 8

9 Amsterdam and surrounding area Fact sheets office property market mid 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 South-East Houthavens Diemen A Schiphol Amstelveen Large-scale transactions office space mid Town/City Location Tendant/Purchaser Floor space Amsterdam Teleport/Sloterdijk Douwe Egberts Master Blenders, Riekerpolder Mexx Global, Teleport/Sloterdijk CMIS Group, Zuidas Salesforce,6 Teleport/Sloterdijk ADM Europe, Teleport/Sloterdijk Camelot, Gross initial yields in % West Best locations Rents for office space in euro per sqm/year* Amsterdam Teleport/Sloterdijk Westas Riekerpolder Amsterdam-North 9 9 Southern IJ-Oevers/Houthavens Centre Old-South Zuidas Buitenveldert 7 7 De Omval Amstel Business Park South-East Amstelveen Diemen 6 8 * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account. 9

10 Breda and surrounding area Fact sheets office property market mid Breda, Oosterhout, Etten-Leur, Bergen op Zoom and Roosendaal Office jobs 6, vs..% Availability 8, sqm.%,7, sqm.% Take-up 6, sqm st half vs. st half 7% Vacancy 97, sqm (6.9%) % Rents* e per sqm/year *Incentives excluded % Office jobs index 8= Vacancy % of stock ( sqm lfa) Breda Oosterhout Etten-Leur Bergen op Zoom Roosendaal Breda and surrounding area Source: LISA The Netherlands Vacancy Vacancy mid Dutch average mid Take-up and availability x, sqm ( sqm lfa) (mid) Take-up Availability Forecast take-up Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) % 7% % % % % % % Industry, trade and transport Business services Breda and surrounding area 9% % % % % % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office space take-up in the Breda region got off to a slow start with a take-up of approx. 6, sqm. The largest transaction was registered in Roosendaal, where SDW leased,6 sqm office space on Bovendonk. Also due to reduced Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken transaction dynamics, Banken office space availability increased by.% to a total of Industrie, Handel en Transport 8, sqm. Of this, 97, sqm, representing 6.9% of the office stock in the Breda region, was physically vacant. Industrie, Handel en Transport

11 Breda and surrounding area Fact sheets office property market mid 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 mid Town/City Location Tendant/Purchaser Floor space Roosendaal Bovendonk SDW,6 Bergrand Accessio Arbeidsdiensten 8 Breda Ettense Baan Top-Care Health Services, Liniestraat Stichting Maatschappelijke Opvang 6 Gross initial yields in % South Best locations Rents for office space in euro per sqm/year* Breda Centre/Station area 9 9 Claudius Prinsenlaan Ettense Baan 9 9 Westerhagelaan Moleneind 6 6 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

12 The Hague and surrounding area Fact sheets office property market mid The Hague, Leiden, Rijswijk, Leidschendam-Voorburg, Delft, Zoetermeer and Gouda Office jobs 6, vs..% Availability,7, sqm.% 7,, sqm.8% Take-up 7, sqm st half vs. st half 8% Vacancy,, sqm (.%).% Rents* e per sqm/year *Incentives excluded.% Office jobs index 8= Vacancy % of stock ( sqm lfa) Leiden The Hague Rijswijk Leidschendam- Voorburg Delft Zoetermeer Gouda The Hague and surrounding area The Netherlands Vacancy Vacancy mid Dutch average mid Source: LISA Take-up and availability x, sqm ( sqm lfa),,, (mid) Take-up Availability Forecast take-up Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) 8% 8% 6% % 8% % % % % Industry, trade and transport Business services The Hague and surrounding area 9% % % % % % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office space take-up in The Hague region during the first six months of totalled 7, sqm, which is 8% up on the same period in. A number of large transactions contributed to this strong surge in the office market. At Oostduinlaan, Shell leased over, sqm new office space, while UWV Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken contracted,8 Banken sqm at Laakhaven (HS). Despite the higher take-up, office Industrie, Handel en Transport space availability in the region of The Hague remained largely unchanged at,7, sqm, which represents.% of the total office stock. Rent levels Industrie, Handel en Transport remained stable at EUR per sqm per year.

13 The Hague and surrounding area Fact sheets office property market mid 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 mid Town/City Location Tendant/Purchaser Floor space The Hague Oostduinlaan Shell, Laakhaven HS UWV,8 Lange Vijverberg evision, Carnegieplein Octrooibureau V&O, Gouda Hanzeweg J.P. van Eesteren, Delft Poortweg Allseas Engineering, Gross initial yields in % West Best locations Rents for office space in euro per sqm/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 Rijswijk In de Boogaard 8 8 Hoornwijck 8 8 Plaspoelpolder 6 6 Delft Delft-North 9 9 Zoetermeer Rokkeveen 9 9 Boerhaavelaan 9 9 City centre 8 8 Leiden Bio-sciencepark 8 8 Central Station 6 7 Leidschendam-Voorburg 6 6 Gouda Goudse Poort 7 7 * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account.

14 Ede and Veenendaal Fact sheets office property market mid Office jobs, vs..% Availability 7, sqm.%, sqm.% Take-up, sqm st half vs. st half % Vacancy 99, sqm (.9%).7% Rents* e 9 per sqm/year *Incentives excluded.6% Office jobs index 8= Vacancy % of stock ( sqm lfa) Ede Veenendaal Utrecht Amersfoort Arnhem Nijmegen Ede and Veenendaal Source: LISA The Netherlands Vacancy Vacancy mid Dutch average mid Take-up and availability x, sqm ( sqm lfa) (mid) Take-up Availability Forecast take-up Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) % % % 9% 9% 6% % % 9% % % % % % % % % % % Ede and Veenendaal Industry, trade and transport IT Business services The Netherlands Banking and insurance Public and non-profit organisations Office space take-up in the Ede-Veenendaal region showed a slight upward trend with a total take-up of, sqm during the first half of the year. Commercial service providers accounted for 6% of this take-up, while approx. % is common for this category. The non-profit sector was also uncharacteristically active. Invacare, for example, took up approx., sqm Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen en overigen Non-profit Non-profit Zakelijke Dienstverlening Banken in De Vallei and Banken Nedercare leased approx. sqm on De Batterijen in Industrie, Handel Handel en Transport en Transport Veenendaal. Availability remained stable at 7, sqm, while vacancy was also largely unchanged on the previous half-year and currently stands at Industrie, Handel en Transport.9% of the office stock. High availability helped drive down rent levels by.6% to an average of EUR 9 per square metre per year.

15 Ede and Veenendaal Fact sheets office property market mid 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 mid Town/City Location Tendant/Purchaser Floor space Ede Keesomstraat Bruil Bouw,8 De Vallei Invacare, Veenendaal De Batterijen NederCare De Faktorij/De Vendel Kwintes Gross initial yields in % East Best locations Rents for office space in euro per sqm/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.

16 Eindhoven and surrounding area Fact sheets office property market mid Eindhoven, Helmond, Best, Son en Breugel and Veldhoven Office jobs 7,7 vs..6% Availability 6, sqm.%,968, sqm.8% Take-up 7, sqm st half vs. st half 8% Vacancy 6, sqm (8.%).9% Rents* e per sqm/year *Incentives excluded % Office jobs index 8= Vacancy % of stock ( sqm lfa) Eindhoven Son en Breugel Veldhoven Best Helmond Tilburg Eindhoven and surrounding area Source: LISA The Netherlands Vacancy Vacancy mid Dutch average mid Take-up and availability x, sqm ( sqm lfa) (mid) Take-up Availability Forecast take-up Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) % % % 9% % % 9% 8% % % % % % % % % % Eindhoven and surrounding area Industry, trade and transport IT Business services The Netherlands Banking and insurance Public and non-profit organisations Office space take-up in the Eindhoven region during the first six months totalled 7, sqm, which represents a drop of around 8%. This makes Eindhoven one of the few cities that registered a declining office take-up during this period. Reason for this is the downward trend in office jobs in the region, which dropped by.6% during the past year. Well-established companies in Eindhoven accounted for most of the transaction dynamics. In Veldhoven, ASML leased approx., sqm additional office space on De Run, while the National Police Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen en overigen Non-profit Non-profit Zakelijke Dienstverlening Banken acquired a similar Banken floor area at Boschdijktunnel. Reduction in stock driven Industrie, Handel Handel en Transport en Transport by the transformation of offices to residential property, such as CityPads in Eindhoven, were insufficient to counter rising office space availability, Industrie, Handel en Transport which increased slightly by % to a current total of 6, sqm. Increased availability had no effect on rent levels, which remained stable at an average of EUR per sqm per year. 6

17 Eindhoven and surrounding area Fact sheets office property market mid 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 mid Town/City Location Tendant/Purchaser Floor space Veldhoven De Run ASML, Eindhoven Boschdijktunnel National Police, Eindhoven Airport TNT,7 Centre Perée & Partners Capital, Zernikestraat Atriensis, Centre Madison Gurkha 7 Gross initial yields in % South Best locations Rents for office space in euro per sqm/year* Eindhoven Centre/Stadionkwartier 6 6 Ring Kennedy Business District 6 6 Strijp-S 6 6 Poort van Metz Flight Forum/Eindhoven Airport 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

18 Friesland Fact sheets office property market mid Leeuwarden, Heerenveen and Drachten Office jobs 6, vs..% Availability 88, sqm.8% 8, sqm.% Take-up, sqm st half vs. st half 7% Vacancy 8, sqm (.%) 6.7% Rents* e 9 per sqm/year *Incentives excluded.% Office jobs index 8= Vacancy % of stock ( sqm lfa) Heerenveen Leeuwarden Smallingerland Groningen Assen Friesland Source: LISA The Netherlands Vacancy Vacancy mid Dutch average mid Take-up and availability x, sqm ( sqm lfa) (mid) Take-up Availability Forecast take-up Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) 9% % % % % 7% 7% 8% % Friesland Industry, trade and transport Business services 9% % % % % % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office space take-up in Friesland totalled, sqm, which is 7% down on the same period last year. Government bodies and non-profit organisations generally account for half of the transaction dynamics in this province. As a result, the take-up of office space in Friesland is strongly influenced by the office needs of these parties. The largest office transaction was registered by Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken industrial service Banken provider Imtech that leased approx.,6 sqm on Drachten Industrie, Handel en Transport Office Park. Despite the low take-up figures, the availability of office stock dropped by % and currently stands at 88, sqm. Of this, 8, sqm - i.e., Industrie, Handel en Transport.% - is physically vacant. Rent levels remained relatively stable at EUR 9 per square metre per year. 8

19 Friesland Fact sheets office property market mid 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 mid Town/City Location Tendant/Purchaser Floor space Drachten Business park Imtech Nederland,6 Heerenveen K.R. Poststraat AfterPay 9 Gross initial yields in % North Best locations Rents for office space in euro per sqm/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. 9

20 Gooi and Eemland Fact sheets office property market mid Amersfoort and Hilversum Office jobs, vs..% Availability, sqm 9.%,8, sqm.% Take-up 8, sqm st half vs. st half 6% Vacancy, sqm (.7%).8% Rents* e 8 per sqm/year *Incentives excluded.% Office jobs index 8= Vacancy % of stock ( sqm lfa) Amersfoort Hilversum Utrecht Almere Ede Veenendaal Gooi and Eemland Source: LISA The Netherlands Vacancy Vacancy mid Dutch average mid Take-up and availability x, sqm ( sqm lfa) (mid) Take-up Availability Forecast take-up Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) % % % % 9% % 6% % % Industry, trade and transport Business services Gooi and Eemland 9% % % % % % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office space take-up in the Gooi & Eemland region during the first six months of totalled 8, sqm, which is 6% down on the same period last year. This difference was caused primarily by the absence this year of large transactions such as that by FrieslandCampina last year. Stichting Bink (, sqm) Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken in Hilversum accounted Banken for the largest transaction in the region during Industrie, Handel en Transport the preceding period. The regional office market is characterised by rising availability, up 9.% to, sqm. Vacancy also rose by.8% to.7%. Industrie, Handel en Transport Rents, however decreased slightly by.% to EUR 8 per sqm per year.

21 Gooi and Eemland Fact sheets office property market mid 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 mid Town/City Location Tendant/Purchaser Floor space Hilversum Laapersveld Stichting Bink, Mediapark Glenmore & Waldorf 8 Tesselschadelaan Santa Fe Natural Tobacco Company 8 Amersfoort Station area Caresco 7 Gross initial yields in % East Best locations West Best locations Rents for office space in euro per sqm/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 7 Business park Arena 6 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.

22 Groningen and Assen Fact sheets office property market mid Office jobs 6, vs..% Availability 7, sqm 7.8%,, sqm.8% Take-up, sqm st half vs. st half Vacancy 7, sqm (%) 7.7% Rents* e per sqm/year *Incentives excluded.8% Office jobs index 8= Vacancy % of stock ( sqm lfa) Groningen Assen Zwolle Leeuwarden Heerenveen Groningen and Assen Source: LISA The Netherlands Vacancy Vacancy mid Dutch average mid Take-up and availability x, sqm ( sqm lfa) (mid) Take-up Availability Forecast take-up Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) % % 6% % % % % % 7% % Industry, trade and transport Business services Groningen and Assen 9% % % % % % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office space take-up in Groningen and Assen rose significantly during the first six months. The two cities recorded a total take-up of, sqm, compared with, sqm last year. Both Assen and Groningen saw a rise in take-up on the first half of. The largest transactions in the region were by Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen en overigen Non-profit Non-profit Zakelijke Dienstverlening Banken BAM bouw & techniek, Banken which combined several establishments in a Industrie, Handel Handel en Transport en Transport,7 sqm property in Groningen and Stichting VanBoeijen that leased,8 sqm in Assen. As a result of these transactions, availability in the Industrie, Handel en Transport region dropped to 7, sqm, as did vacancy to % of the office stock.

23 Groningen and Assen Fact sheets office property market mid 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 mid Town/City Location Tendant/Purchaser Floor space Groningen Jeverweg BAM Bouw en Techniek,7 Martini Trade Park Seatrade, Kranenburg Deloitte 8 Euvelgunne Visser & Smit Bouw 8 Assen Eemland Stichting Vanboeijen,8 Station area Reaal Verzekeringen, Gross initial yields in % North Best locations Rents for office space in euro per sqm/year* Groningen Kranenburg Europapark Station area/verbindingskanaalzone Martini Trade Park 8 8 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.

24 Haarlemmermeer Fact sheets office property market mid Hoofddorp, Schiphol, Nieuw-Vennep, Badhoevedorp and Lijnden Office jobs, vs..6% Availability 7, sqm 6%,8, sqm.9% Take-up 6, sqm st half vs. st half 8.% Vacancy 7, sqm (9.%) % Rents* e 6 per sqm/year *Incentives excluded.% Office jobs index 8= Vacancy % of stock ( sqm lfa) Haarlemmermeer 9 The Netherlands Haarlemmermeer Haarlem Amsterdam Amstelveen Diemen Leiden The Hague Vacancy Vacancy mid Dutch average mid Source: LISA Take-up and availability x, sqm ( sqm lfa) 8 9 (mid) Take-up Availability Forecast take-up Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) % 9% % % % 7% % 8% 6% Industry, trade and transport Business services Haarlemmermeer 9% % % % % % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office space take-up in Haarlemmermeer during the first six months of totalled 6, sqm, which is 8.% up on the same period in. The largest transaction was by Plantronics (, sqm) on Beukenhorst Zuid in Park, followed by SBM Offshore that leased, sqm at Schiphol. Availability in Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken Haarlemmermeer Banken dropped by 6% to 7, sqm, while office stock in the Industrie, Handel en Transport region also contracted slightly. Rent levels trended downward by.% to an average of EUR 6 per square metre per year. Industrie, Handel en Transport

25 Haarlemmermeer Fact sheets office property market mid 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 mid Town/City Location Tendant/Purchaser Floor space Hoofddorp Beukenhorst-South Plantronics, Beukenhorst-South Schoeller Allibert 9 Beukenhorst-South Idexx 8 Schiphol Schiphol-Centre SBM Offshore, Schiphol-Centre Qliktech, Gross initial yields in % West Best locations Rents for office space in euro per sqm/year* Hoofddorp Centre Beukenhorst-East 7 7 Beukenhorst-West 9 9 Beukenhorst-South 7 7 De Hoek-North 8 8 Schiphol Schiphol-Centre 6 6 Schiphol-East 6 6 Schiphol-Rijk 8 8 Schiphol-South 6 6 Badhoevedorp 9 9 Lijnden * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account.

26 s-hertogenbosch and Tilburg Fact sheets office property market mid Office jobs 9, vs..% Availability, sqm.7%,6, sqm.% Take-up 6, sqm st half vs. st half 6% Vacancy, sqm (.7%) 7.9% Rents* e per sqm/year *Incentives excluded % Office jobs index 8= Vacancy % of stock ( sqm lfa) s-hertogenbosch Tilburg Breda Oosterhout Eindhoven s-hertogenbosch and Tilburg Source: LISA The Netherlands Vacancy Vacancy mid Dutch average mid Take-up and availability x, sqm ( sqm lfa) Take-up s-hertogenbosch Tilburg 9 Availability (mid) s-hertogenbosch Forecast take-up Tilburg Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) % 9% % % % % % % s-hertogenbosch % and Tilburg Industry, trade and transport IT Business services % 9% % % 9% % % % % % The Netherlands Banking and insurance Public and non-profit organisations Office space take-up in the s-hertogenbosch and Tilburg region during the first six months of totalled 6, sqm. Take-up in s-hertogenbosch was, sqm, while Tilburg recorded just, sqm, which is 6% down on the same period last year. Such figures occur more frequently in this province: the office market in the Breda and Eindhoven regions also performed more poorly than in Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken the first half-year Banken of. While availability in s-hertogenbosch and Tilburg Industrie, Handel en Transport remained largely unchanged at, sqm, vacancy rose to, sqm, which is 7.9% up on the end of. The largest transaction took place on Industrie, Handel en Transport De Herven where Panasonic Benelux leased, sqm office space. 6

27 s-hertogenbosch and Tilburg Fact sheets office property market mid 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 mid Town/City Location Tendant/Purchaser Floor space s-hertogenbosch De Herven Panasonic Benelux, Brabantpoort Lensvelt Medical 9 Peperstraat Ritmeester Cigars 8 Maaspoort Caris Geografic 6 Tilburg Wilhelminapark AGIN Timmermans 6 Gross initial yields in % South Best locations Rents for office space in euro per sqm/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 9 Zaltbommel Waluwe * Incentives excluded. The ranges indicate the most common rents. The highest and lowest rents have not been taken into account. 7

28 Limburg Fact sheets office property market mid Maastricht (incl. Airport/Beek), Heerlen, Roermond and Venlo Office jobs 6,6 vs..% Availability, sqm.6%,, sqm.% Take-up, sqm st half vs. st half 8% Vacancy 98, sqm (.8%).% Rents* e per sqm/year *Incentives excluded % Office jobs index 8= Vacancy % of stock ( sqm lfa) Limburg 9 The Netherlands Maastricht Heerlen Roermond Eindhoven Helmond incl. Airport Vacancy Vacancy mid Dutch average mid Venlo Source: LISA Take-up and availability x, sqm ( sqm lfa) (mid) Take-up Availability Forecast take-up Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) 7% % 9% % % 9% % % % Limburg Industry, trade and transport Business services % 9% % % 9% % % % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office space take-up in the Limburg region during the first six months of totalled, sqm, which is 8% down on the same period last year. While the transaction by the Municipality of Heerlen resulted in a high take-up in, only one large office transaction was registered in the first half of this year, Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken namely the lease Banken by Ericsson Telecommunicatie to, sqm in Maastricht. Industrie, Handel en Transport Office availability in the region dropped slightly by.6% to, sqm, while rent levels remained steady at EUR per sqm per year. Industrie, Handel en Transport 8

29 Limburg Fact sheets office property market mid 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 mid Town/City Location Tendant/Purchaser Floor space Maastricht Randwijck-North Ericsson Telecommunicatie, Gross initial yields in % South Best locations Rents for office space in euro per sqm/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 9 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. 9

30 Rotterdam and surrounding area Fact sheets office property market mid Rotterdam, Capelle a/d IJssel, Schiedam and Drechtsteden Office jobs,7 vs..9% Availability,79, sqm.6%,88, sqm.% Take-up 77, sqm st half vs. st half 9% Vacancy,, sqm (.%).% Rents* e per sqm/year *Incentives excluded.% Office jobs index 8= Rotterdam and surrounding area The Netherlands Vacancy % of stock ( sqm lfa) Rotterdam Capelle a/d IJssel Schiedam Drechtsteden Breda Vacancy Vacancy mid Dutch average mid The Hague Source: LISA Take-up and availability x, sqm ( sqm lfa),, (mid) Take-up Availability Forecast take-up Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) 7% % 6% % 8% % 6% % % Industry, trade and transport Business services Rotterdam and surrounding area 9% % % % % % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office space take-up in the Rotterdam region during the first six months of totalled 77, sqm, which is 9% up on the same period last year. This figure includes the letting of approx. 9,8 sqm in business centres, of which approx. 7, sqm to Spaces in Hofplein, approx., sqm to Tribes in the Wilhelminatoren and, sqm to Tribes in the Geminitoren (Rivium). Take-up during the first half-year of was in fact higher than that recorded for office space in the region for as a whole, which totalled 7, sqm. Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken The largest transaction Banken that underpins this exceptional figure was also the Industrie, Handel en Transport largest office transaction in the Netherlands during the first six months, namely by the National Police (6, sqm) at Marten Meesweg in Rotterdam. Industrie, Handel en Transport Availability in the Rotterdam region expanded slightly to,79, sqm, as did the level of vacancy, which during the first six months of rose to.%, while the average rent remained practically unchanged at EUR per sqm per year.

31 Rotterdam and surrounding area Fact sheets office property market mid 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 mid Town/City Location Tendant/Purchaser Floor space Rotterdam Alexandrium/Oosterhof National Police 6, Central Station Spaces 7, Kop van Zuid Nidera, Alexandrium/Oosterhof Vastgoed Beheer PBG,8 Waalhaven Z.z. Visser & Smit Bouw, Schiedam Schieveste Ingenieursbureau Tebodin, Gross initial yields in % West Best locations Rents for office space in euro per sqm/year* Rotterdam Centre 9 9 Central Station Kop van Zuid Marconiplein/Parklane Brainpark 6 6 Alexandrium/Oosterhof 9 9 Rotterdam Airport 7 7 Zuidplein 8 8 Schiedam Schieveste Capelle a/d IJssel Rivium 6 6 Barbizon Capelle Office Park 9 9 Hoofdweg 8 8 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.

32 Arnhem Nijmegen City Region Fact sheets office property market mid Arnhem, Nijmegen and Overbetuwe Office jobs 6, vs..7% Availability 8, sqm.8%,6, sqm.9% Take-up, sqm st half vs. st half % Vacancy 6, sqm (6.%).% Rents* e per sqm/year *Incentives excluded.% Office jobs index 8= Arnhem Nijmegen City Region The Netherlands Vacancy % of stock ( sqm lfa) Arnhem Nijmegen Ede Veenendaal Apeldoorn s-hertogenbosch Vacancy Vacancy mid Dutch average mid Source: LISA Take-up and availability x, sqm ( sqm lfa) (mid) Take-up Availability Forecast take-up Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) % % % % 7% 8% 9% % % Industry, trade and transport Business services Arnhem Nijmegen City Region 9% % % % % % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office space take-up in the Arnhem-Nijmegen urban region during the first six months of totalled, sqm, which figure was boosted by Capter Nijmegen that occupied,6 sqm at Oranjesingel in Nijmegen. Availability in the urban region rose slightly by.8% to 8, sqm of office space. Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken Of this, 6, Banken sqm is physically vacant, which in terms of percentage is equal Industrie, Handel en Transport to the Dutch average of 6.%. Rent levels dropped slightly by % to EUR per sqm per year. Industrie, Handel en Transport

33 Arnhem Nijmegen City Region Fact sheets office property market mid 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 mid Town/City Location Tendant/Purchaser Floor space Nijmegen Station area Capter Nijmegen,6 Lindenholt/Kerkenbos Koninklijke Visio 6 Arnhem Kadestraat Provincie Gelderland 9 Westervoortsedijk KplusV Organisatieadvies 7 IJsseloord II Schäfer Shop 6 Gross initial yields in % East Best locations Rents for office space in euro per sqm/year* Arnhem Centre/Station area Kroonpark/Groningensingel 9 Velperweg 9 9 Gelderse Poort Arnhems Buiten 8 8 IJsseloord II Nijmegen Centre/Station area Brabantse Poort 9 9 Lindenholt/Kerkenbos 7 7 Zevenaar Mercurion 8 8 Elst 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 mid Enschede, Hengelo and Almelo Office jobs 9,9 vs..% Availability, sqm.8% 9, sqm.% Take-up, sqm st half vs. st half 9% Vacancy, sqm (.%).% Rents* e 9 per sqm/year *Incentives excluded % Office jobs index 8= Vacancy % of stock ( sqm lfa) Enschede Hengelo Almelo Deventer Twente Source: LISA The Netherlands Vacancy Vacancy mid Dutch average mid Take-up and availability x, sqm ( sqm lfa) 8 9 (mid) Take-up Availability Forecast take-up Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) % 9% 9% 8% % 9% 7% % 9% Twente Industry, trade and transport Business services 9% % % % % % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Total office take-up in the Twente region totalled, sqm in the first six months of, which is 9% up on the figure recorded in mid. Much of this sharp rise is explained by the establishment of Xerox on, sqm at Brandweerstraat in Enschede. Office space availability dropped during the Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken past six months Banken by.8% to, sqm, of which, sqm is currently Industrie, Handel en Transport vacant. This represents.% of the office stock. Rents in Twente remain stable at an average of EUR 9 per sqm per year. Industrie, Handel en Transport

35 Twente Fact sheets office property market mid 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 mid Town/City Location Tendant/Purchaser Floor space Enschede Centre Xerox, Brouwerijstraat Takeaway.com,9 Centre B-ware Ingenieursbureau Hengelo Westermaat Plasticon 9 Westermaat St. Carmel College 7 Almelo Station area Bureau Jeugdzorg Overijssel 6 Rents for office space in euro per sqm/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 Best locations

36 Utrecht and surrounding area Fact sheets office property market mid Utrecht, Stichtse Vecht, Nieuwegein and Houten Office jobs, vs..% Availability 66, sqm %,, sqm.% Take-up, sqm st half vs. st half 6.% Vacancy 6, sqm (7.6%) % Rents* e per sqm/year *Incentives excluded.% Office jobs index 8= Vacancy % of stock ( sqm lfa) Utrecht Stichtse Vecht Nieuwegein Houten Zeist Utrecht and surrounding area Source: LISA The Netherlands Vacancy Vacancy mid Dutch average mid Take-up and availability x, sqm ( sqm lfa) (mid) Take-up Availability Forecast take-up Average take-up 8 - Take-up by user category outer ring - mid, inner ring - mid ( sqm lfa) 8% 9% 7% 8% % % % 9% % % Industry, trade and transport Business services Utrecht and surrounding area 9% % % % % % 9% % % % The Netherlands IT Banking and insurance Public and non-profit organisations Office space take-up in the Utrecht region during the first six months of totalled, sqm, which is 6.% down on the same period last year. Important transactions during the past period were the occupation by Propertize of,8 sqm at Daalseplein in Utrecht and the leasing of, sqm at Franz-Lisztplantsoen (also in Utrecht) by DTZ Zadelhoff. Based on current Overheid en overigen Non-profit Zakelijke Dienstverlening Overheid en overigen Non-profit Zakelijke Dienstverlening Banken demand, annual Banken take-up is expected to be lower than in, at approx. Industrie, Handel en Transport 8, sqm. Office space availability in the Utrecht region rose by % compared with year-end to 66, sqm, while rent levels remained Industrie, Handel en Transport stable at an average of EUR per sqm per year. 6