PropertyEU Events: Netherlands real estate in the spotlight

Experts will assess the state of the Dutch real estate market this week at a private discussion to be held at PropertyEU’s HQ in Utrecht.

Taking part in the discussion are representatives from Savills, Dutch developer Edge, US firm Angelo Gordon, law firm CMS, and logistics player, Panattoni.

The wide-ranging roundtable will highlight trends in price discovery, occupational markets, rent direction, financing, the latest office working concepts, value-add strategies, and legal agreements between owners and occupiers, all against the backdrop of Covid-19.

Residential and logistics real estate were particularly hot sectors going into the lockdown, and participants are likely to reflect upon that during the event this Thursday.

While volumes have not returned to pre-crisis levels, these two sectors remain at or close to the top of the heap as far as demand is concerned. A plethora of logistics and industrial portfolio sales have occurred this year, likewise for residential property. Multifamily assets remain in favour across several European markets including the Netherlands, according to Savills.

Meanwhile, office strategies are gaining attention such as the decision by Goldman Sachs to develop The Joan in Amsterdam during these uncertain times. Office investments up for debate to have taken place in 2020 include the recent purchase by Aviva Investors Real Assets of Freshfields’ HQ in Amsterdam from Deka Immobilien for €85 mln (pictured).

Several high-profile ongoing transactions remain in the spotlight in the Netherlands such as Anbang’s €700 mln planned disposal of several office properties, with Aviva Investors Real Assets tipped as the acquirer.

One hot topic will be whether sellers should in general accept the highest offer tabled for a deal or go for a lower one deemed to be from a buyer with a higher probability of completing a transaction.

While retail and hotels are not seeing much attention, high growth ‘platform investing’ in asset classes such as data centres are much more resilient.

*A detailed report will follow Thursday's event both online and within the October issue of PropertyEU

 

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