A spread by core regions is applied in the analysis of the valuation of the investment property portfolio. The Fund has invested in the following core regions: Randstad (Amsterdam, Utrecht, Rotterdam and The Hague), Mid East (Apeldoorn, Arnhem, Nijmegen and Zwolle) and Brabantstad (Breda, Eindhoven, Den Bosch and Tilburg).
The valuation of the completed investment properties per core region for the year ended 31 December is as follows:
Property valuation as at 31 December | 2019 | 2018 |
Region | | |
Randstad | 5,342,274 | 4,335,693 |
Mid East | 385,409 | 287,339 |
Brabantstad | 433,875 | 253,485 |
Non-core regions | 47,581 | 309,406 |
Total | 6,209,139 | 5,185,923 |