ING Dutch Office Fund and Rotterdam Central District
Management and risk profile ING DOF
Key characteristics
Strategy to invest in the prime segment of the Dutch office market
Decreasing investments in the more volatile risk segments of the Dutch office market
Investment profile
Core strategy
Aiming to outperform the ROZ Vastgoedindex (standing investments)
Active asset management — experienced team
Fund size and
leverage
Current Fund size EUR 2,327 million gross asset value (GAV)
40.3% consolidated level with DOF Feeder Fund I (maximum is 40.5%)
Anne de Jong – Portfolio Manager of the ING Dutch Office Fund
Anne finished his study economics at the University of Amsterdam in 1994. He joined MN Services where he had several functions as
real estate analyst and (senior) Asset Manager. In 2002 he finished the VBA course. In 2003 he joined ING Real Estate as Senior Asset
Manager Office. In 2006 Anne was appointed Portfolio Manager for the ING Dutch Office Fund.
The fund only invests in prime offices in the Netherlands
The best parts of Amsterdam, Rotterdam, The Haque and Utrecht
Outside the Randstad: near railway stations
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Portfolio overview
Portfolio as per Q4 2009
► 85 properties
► 876,555 square meters of lettable space
Groningen
Friesland
► Total portfolio size EUR 2,327 million
Drenthe
► Gross rental income of EUR 180.0 million / year
Noord Holland
Flevoland
Top 10 Value Properties Q4 2009
City
Size
World Trade Center
Amsterdam
72,333 m²
WTC Zuidplein
Amsterdam
39,678 m²
WTC Schiphol Airport
Schiphol
55,471 m² (47.27%)
Cap Gemini E & Y Office Park
Utrecht
42,288 m²
Cross Towers
Amsterdam
26,133 m²
Hojel City Center
Utrecht
40,156 m²
Delftse Poort
Rotterdam
65,652 m² (50.0%)
Victoria
Rotterdam
22,855 m²
IJ toren
Amsterdam
18,261 m²
Beatrix II
The Hague
28,033 m²
Overijssel
Utrecht
Gelderland
Zuid Holland
Noord-Brabant
Zeeland
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Limburg
Top 10 properties in the fund
ING REIM Offices NL
World Trade Centre
•
Amsterdam
Vivaldi
•
Amsterdam
Y Toren
•
Amsterdam
•
72,333 m²
•
25,936 m²
•
18,261 m²
•
Multi-tenant
•
Ernst & Young
•
Philips
WTC Zuidplein
•
Amsterdam
Hojel City Center
•
Utrecht
•
39,678 m²
•
40,156 m²
•
Multi-tenant
•
SNS Reaal, RGD
WTC Schiphol Airport
•
Schiphol
Delftse Poort
•
Rotterdam
•
55,471 m² (47,27%)
•
65,652 m² (50%)
•
Multi-tenant
•
Nationale Nederlanden
Nieuw Amsterdam
•
Amsterdam
•
Utrecht
•
36,801 m²
•
42,288 m²
•
ING
•
Cap Gemini
Cap Gemini E&Y Office Park
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Victoria
•
Rotterdam
•
22,855 m²
•
KPMG
Rotterdam
Portfolio Rotterdam
Rotterdam Central District
• 17 properties
• 3 properties
• 240.113 square meter of lettable space
• 93.600 square meter of lettable space
• Total portfolio of EUR 600 million
• Total asset value of EUR 206 million
Delftse Poort
200 Weena
Weenatoren
66.000 m2
17.100 m2
10.500 m2
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Why DOF invests in Rotterdam Central District ?
General policy
Policy In General : best parts of the Randstad
• The fund only invests in prime offices in the Netherlands
• Focus on the best parts of Amsterdam, Rotterdam, The Haque and Utrecht
• Since 2003 DOF focuses on increasing investments in multifunctional locations around
railway stations
• WTC Amsterdam
• Utrecht CS
• Rotterdam Central District
• These locations outperform the market and will perform even better in the future
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Why DOF invests in Rotterdam Central District ?
Rotterdam Central District
Top location for work, leisure and living
• Mixed use area with offices, houses and leisure
• International location with European orientation
• Unique location between the high speed line and city centre
• Room for culture, education, housing and recreation
• Powerful public – private cooperation
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Why DOF invests in Rotterdam Central District ?
Perfect match between policy and location!
• The DOF policy focuses on prime offices located in multifunctional areas close to railway
stations
• The Rotterdam Central District is a mixed use area in the direct vicinity of Rotterdam Central
Station, an important transportation hub in the Netherlands and Europe
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