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.