As at 31 December 2018, the Fund had unprovisioned contractual obligations for future repairs and maintenance of € 1.2 million (2017: € 0.9 million).
The total future commitments as at 31 December 2018 amounted to € 224 million (2017: € 113 million). The commitments relate to the acquisition of Central Park (Utrecht), Hourglass (Amsterdam) and the redevelopment of Building 1931 and Building 1962 (Amsterdam).
Investment commitments (in € million) | 2019 | 2020 | >2021 |
Central Park, Utrecht | 26 | 32 | 67 |
Hourglass office, Amsterdam | 74 | 2 | - |
Building 1931 (Zuid) | 17 | - | - |
Building 1962 (Noord) | 6 | - | - |
| | 123 | 34 | 67 |
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.