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Financial statements

21 Contingent liabilities and assets

As at 31 December 2019, the Fund had unprovisioned contractual obligations for future repairs and maintenance of € 1.5 million (2018: € 1.2 million).

The total future commitments as at 31 December 2019 amounted to € 133 million (2018: € 224 million). The commitments relate to the acquisition of Central Park (Utrecht) and Hourglass (Amsterdam).

Investment commitments (in € million)

2020

2021

>2022

Central Park, Utrecht

52

26

14

Hourglass office, Amsterdam

41

 

-

 

93

26

14

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

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