The Fund’s optimisation strategy
The Fund’s strategy is to optimise its portfolio through targeted acquisitions, continuous enhancement of core assets and the divestment of non-core office buildings.
Key market developments | Underlying aspects | Implications | Opportunities |
The Dutch knowledge economy | • | Need to meet, share knowledge and expertise | • | Demand for multifunctional and easy accesible locations | • | Create the most fitting office concepts at the most desirable locations |
• | Demand for multi-tenant suitability |
The New World of Work | • | Rise of self-employment: nomad professionals | | |
• | Need for efficiency: plug-and-work |
• | No more 9-to-5: shift of working hours |
Urbanisation | • | Demand for central locations in big cities | • | High vacancy rates at secondary locations; Randstad regaining strength |
• | Healthy outlook for central locations in big cities |
|
Sustainability | • | Growing awareness of benefits of sustainable office space | • | Demand for comfortable and energy-efficient office space |
Strategic actions in 2015
Divestment of 15 non-core assets
Renovation of the Plaza at WTC The Hague
Preparations for the redevelopment of the Citroën buildings in Amsterdam
Reorganisation of the property management for WTC Rotterdam
Continued active asset management approach led to extended leases with major tenants
Continued roll-out of smart energy partnerships and tools
Partnerships with councils and corporate sector to improve and promote business districts
Investment in property upgrades to support new lettings