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Financial statements

20 Contingent liabilities and assets

As at 31 December 2016, the Fund had unprovisioned contractual obligations for future repairs and maintenance of € 3.0 million (2015: € 3.2 million). The total future commitments as at 31 December 2016 amounted to € 159 million (2015: € 5.4 million). The commitments relates to the acquisition of Hourglass (Amsterdam) and the redevelopment of The Olympics (Amsterdam).

 

2017

2018

>2019

Investment commitments

63

66

30

 

63

66

30

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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