DUTCH OFFICE LOCATIONS RANKING 2017

Transcription

1 DUTCH OFFICE LOCATIONS RANKING 2017 An investors guide to the best office locations in the Netherlands.

2 Where to invest your money continues to be a current discussion in the office market. As adviser of national and international investors, we have long been engaged in this discussion. Of course, the answer depends on the investors profile but also on the strongly diverse dynamics throughout the Dutch office market. Spring Real Estate has investigated the quality of over 145 office locations in 34 municipalities. The quality, in this case lettability, has been translated into a score from 0 percent to 100 percent. The score combines the probability, or likelihood, that the square metres of available office space in a specific location are leased within in a year and how this takeup is allocated over individual office buildings in a specific location. In addition to the lettability score per location, this report provides an overview of the key activities and features of the past year. These include: The total office stock larger than 50 per building as of mid2017, including the office stock under construction larger than 50 per building. The supply of office stock larger than 50 per building as at mid2017 as well as the ratio of the supply relative to the total office stock. The office stock under construction larger than 50 per building as well as the withdrawals that have taken place between July 2016 and July The lowest gross rental price and the highest gross rental price at which office space is supplied mid2017. The annual net takeup measured over the period July 2016 and June 2017, including purchases for own use and excluding renewals. The total investment volume measured over the period July 2017 and July For the second year in a row the Zuidelijke IJoever in Amsterdam topped the rankings as best office location in the Netherlands. For some a surprising winner, for other an acknowledgement. The Zuidas in Amsterdam can be found on a second place and is followed by the Bio Science Park in Leiden on the third place. Sjors van Iersel Advisor Sjors@springrealestate.nl Robert Kat Partner

3 3 IJoever Amsterdam 01Zuidelijke 62.7% For the second year in a row the Zuidelijke IJoever proved to be an exceptionally successful location, taking first place in our 17 ranking. Although four years ago the vacancy rates in various submarkets in the Zuidelijke IJoever were still among the highest in the Netherlands, that supply has almost completely been taken up. Meanwhile, the vacancy rate in this location is a mere 1,5% of the office stock. It is not unthinkable that in the years ahead the rental levels on the Zuidelijke IJoever will increase further to a level that is more comparable with that of other prime office locations in Amsterdam, such as the Amstel Station Area and the Zuidas. 423,973 sqm 6,203 sqm (1.5%) +92, ,441 sqm 339,000,000 Amsterdam 02Zuidas 46.4% The Zuidas in Amsterdam is undoubtedly the most corporate office location in the Netherlands and is home to large financial institutions and law firms, amongst others. Since the beginning of this century, developments on the Zuidas have been taking place, involving high quality and large office buildings. In the next years the area will be extended further to the west, on both sides of the A10 highway. Although the Zuidas has performed exceptionally well as an office location in the past decade it is expected that some submarkets will become far less accessible in the coming years as a result of the ZuidasDok infrastructure project. In this project an approximately 1,5kilometre length of the A10 highway is being diverted to an underground tunnel. 1 Science Park Leiden 03Bio 46.0% Amsterdam s two most important core markets are closely followed by the Bio Science Park in Leiden; with more than 60 businesses this location ranks as one of the biggest life science clusters in the Netherlands. The niche market works closely with the University of Leiden. In the past few years the entire stock has been used without any supply coming to the market. The strength of the user market in the Bio Science Park has attracted a large number of investors over the past few years. 158,267 sqm 4,002 sqm (2.4%) sqm 1 43,800,000 Booking.com Oosterdokseiland PVH Europe Danzigerkade 95 PVH Europe Minervahavenweg PVH Europe Danzigerkade 125 Goosecraft / Netraco Werkgebouw 55,00 11,70 5,927 sqm 4,50 3,00 810,165 sqm 72,447 sqm (8.9%) ,157 sqm NSI Corum AM Private Investor Archimedesweg 46 Zernikedreef 12 Zernikedreef mn 15.5 mn 11.5 mn +102,492 sqm 716,000,000 Hannover Leasing LF International Amundi Piet Hein Buildings Hollandia Adm. de Ruyter mn 60.5 mn 49.0 mn DEVELOPMENTS Completion Loyens & Lloeff Vistra Leaseplan Arcadis Tribes NuVasive NL Hour Glass The New Atrium UN Studio Tower The Beacon ITO SOM Zuiderhof II 16,00 6,00 4,091 sqm 3,20 3,017 sqm 1,174 sqm Danzigerkade 95 Danzigerkade 125 Imagewarf Moermansk 300 Booking.com 4,50 16,20 14,50 4,25 55, Amundi Bouwinvest REIM Blackstone Real IS The Atrium Complex Hour Glass Zuiderhoff II Paviljoen II to IV mn mn 56.7 mn 44.8 mn DEVELOPMENTS Completion NoMa House Hour Glass Court House The Beacon 12,892 sqm 22,00 43,00 21,

4 4 05 City Centre Utrecht 32.1% BeukenhorstZuid Hoofddorp 32.7% 171,466 sqm 9 BeukenhorstZuid is a relatively new office location comprising multitenant office buildings next to the train station, Park consisting entirely of cradletocradle offices and separate building plots along the Taurusavenue. BeukenhorstZuid is rapidly expanding since newcomers are choosing this location to build their new seat. 7,057 sqm 35,000, ,102 sqm 12,979 sqm (7.0%) ,329 sqm HKU Molenburg 5,285 sqm PAX St. Jacobsstraat 12 2,37 KVK Jacobsweerd 1,628 sqm 823,553 sqm 91,000, ,100sqm Quadoro Doric WarburgHIH Asics EMEA Taurusavenue 11,10 Macaw NOWBuilding 2,03 Sony Benelux NOWBuilding 1,55 Trappenburgh 20.5 mn Molenburg 15.4 mn + 4,50 12,209 sqm 182,000,000 Corum AM Cairn Real Estate Standard Life Estate FedEx 47.6 mn Pharos 21.8 mn NOWBuilding 21.5 mn DEVELOPMENTS Asics EMEA Completion 11, New AMS Film Co. 06 Spotzer Media 8 The office market in the surroundings of Amstel Station comprises several largescale offices. The area has once again proved to be an attractive office location for international tenants. For instance, office building The Cloud has been fully let following a major renovation. The area is expected to become an alternative to the Zuidas given that the accessibility of the Zuidas will become more difficult as a result of the ZuidasDok infrastructure projects. 216,667 sqm ,864 sqm (7.3%) 23,417 sqm Amazon The Cloud 8,906 sqm Uber The Cloud 8,306 sqm Spaces The Cloud 6,20 Leisure Group The Cloud 1,264 sqm ,514 sqm Bestseller Amstel Station 29,987 sqm (3.6%) Amsterdam 32.0% 2 Because of the diversity and a high level of amenities, Amsterdam City Centre remains an attractive office location for a large group of tenants. Amsterdam City Centre is popular, in particular, amongst companies related to the ICT sector and the creative industry. Rental prices are rising rapidly on account of the declining vacancy rate and the lack of development potential. An interesting development is the transformation of the former V&D department store into office space. Here a number of retail layers are being redeveloped into office space for Bestseller ECommerce ,75 (5.0%) City Centre Amsterdam 28.9% 07 The office stock in the City Centre of Utrecht consists of historical and relatively small office buildings. Thanks to relatively large rental transactions which have taken place in the past few years, there is little to no supply. Therefore, the City Centre of Utrecht as an office location is one of the biggest risers in our ranking. Rokin 164 4,50 Raamgracht 164 3,089 sqm INIT 1,70 Kroonenberg Kas Bank 52.2 mn Standard Life Metropool 43.2 mn Sarphati Plaza 20.6 mn Westerhuis 20.5 mn The Vyzel 14.5 mn State Street Global MGMT AEW Europe

5 5 08 Central Station Utrecht 25.7% Being a hub for the Dutch rail network, Utrecht Central Station is perfectly accessible from all cities in the Netherlands. Several big commercial tenants are based in the offices around the Central Station. CBRE Global Investors is currently developing the WTC Utrecht next to the Central Station. It will be the second WTC in Utrecht. New office developments are expected to take place in future. 4 Amsterdam 10OudZuid 24.4% Similar to Amsterdam City Centre, OudZuid is very diverse and attracts a wide range of companies. The area extends from Amstelveenseweg in the west to the western banks of the river Amstel in the east. OudZuid encompasses historical smaller office villas, boutique offices and largescale office buildings. OudZuid is famous as being the location with the highest rental prices in the Netherlands. With the redevelopment of what were once the Citroen Garages and the Tripolis complex along the Amstelveenseweg, this part of the district now serves as an extension of the Zuidas ,256 sqm 22,569 sqm (3.4%) + 28,295 sqm ,40 192,700,000 Centre Eindhoven 09City 24.6% 12 The City Centre of Eindhoven is this year s highest ranked office location outside the Randstad. This year the City Centre overtakes the High Tech Campus in Eindhoven, which was the highest ranked office location outside the Randstad last year. Eindhoven is the fifthlargest city in the Netherlands and attracts a wide range of different tenants. 374,073 sqm 42,369 sqm (11.3%) 2,711 sqm ,103 sqm 96,000,000 Tribes Stichting MVO Fleet Complete WTC Utrecht AVS 550 WTC Utrecht 3, sqm ,07 32,30 (5.9%) ,218 sqm WPP Pon Under Armour IPG Mediabrands BPD Rivierstaete The Olympic 1931 The Olympic 1961 Point Seven Burgerweeshuis 17,641 sqm 10,10 4,80 4,042 sqm 3,00 Anbang ASR HQ SNS Reaal Basisfonds Portfolio mn 90.5 mn 24,000,000 DEVELOPMENTS Asics EMEA 28,295 sqm Completion 2019 Blackstone NSI State Street Tripolis Vitrum Byzantium 70.0 mn 45.0 mn 20.6 mn Fontys University Business Center NL Greenhouse Group De Rondom Kennedytoren De Admirant 24,00 3,254 sqm 1,428 sqm (RE)DEVELOPMENTS Completion Rivierstaete The Olympic 1931 The Olympic ,00 15,50 10, Private Investor Private Investor De Veste Wal mn 6.1 mn

6 6 12 Bijlmer ArenA Amsterdam 23.9% Bijlmer ArenA, also known as Zuidoost Centrum, has greatly improved in recent years. With recent developments in leisure, the area has become more multifunctional. The quality of office spaces in Bijlmer ArenA is considerably better than other areas in SouthEast Amsterdam. In the past few years much of the office stock has been taken up and this has resulted in the area s rise in the rankings. 703,997 sqm The HighTech Campus is a hightech R&D campus in Eindhoven. Many praise the campus as one of the best locations in the world for hightech development and startups. The campus is entirely in the hands of a single owner and operates with a master lease of technology company Philips. 178,90 1,00 (0.6%) 22,761 sqm + 32,112 sqm 488,300, % 457,71 Rotterdam KAS Bank Arena Towers 6,00 Mercurius Minerva 5,875 sqm Praxis Diana Veste 3,60 The Office Operators Diana Veste 3,50 Oval Tower 3,197 sqm Huawai Palo Alto Networks ING HQ LCN Capital mn Acanthus mn Real IS Goldman Sachs NSI Alpha Towers 55.1 mn Mercurius Minerva 38.9 mn Laanderpoort 38.8 mn DEVELOPMENTS ING HQ Completion 32,112 sqm ,888 sqm (19.6%) 18,737 sqm 72,000,000 Blackstone 1 Rotterdam s CBD is characterised by large and tall office buildings located on the Weenaavenue. The image of Rotterdam s CBD has improved considerably in the past few years. It is a leading location for many large companies. Unlike other modern CBD in the Netherlands, Rotterdam s CBD is situated in the City Centre and close to the Central Station ,432 sqm (9.3%) Central Business District High Tech Campus Eindhoven 24.2% 4 7 CIC NL Green Choice Coolblue Groot Handelsgebouw 4,75 Square 4,276 sqm Central Plaza 3,00 CBRE GI Delftse Poort 62.5 mn Square 9.5 mn Quadoro Doirc

7 7 14 Beatrixkwartier Den Haag 22.2% 5 The Beatrixkwartier came out as the best office location in The Hague. The Beatrixkwartier is squeezed in between the Central Station, the Station Laan van NOI and the A12 highway, thus providing excellent accessibility. The Beatrixkwartier has a modern and corporate look. The tenants include large institutional organisations. Examples include Nationale Nederlanden, Deloitte, MN Services, PostNL, CAK and Siemens. The Beatrixkwartier also has a World Trade Center. Jacobs Nederland Het Rode Kruis 586,573 sqm 64,16 (10.9%) 49,004 sqm Beatrixlaan 800 Anna Saksenlaan ,552 sqm 98,900,000 12,00 2,939 sqm Amsterdam Airport 15SchipholCentrum 22.2% SchipholCentrum is situated in the heart of the airport. It is a successful location in relation to the neighbouring Schiphol markets. The rental prices are relatively high and supply is limited. Most of the buildings in the SchipholCentrum are still owned by Schiphol Real Estate. New office developments are expected there in future. For example, Schiphol Real Estate has announced the construction of The Base D, an extension to the existing office building The Base that has been fully leased out in the past few years. 216,678 sqm Amsterdam 16Riekerpolder 22.0% The fastest riser in the rankings compared with one year ago is the Riekerpolder office area. Two years ago the area still had to deal with vacancy rate over 20%. Since the area was only moderately accessible by public transport compared with other office locations in Amsterdam there was little demand for office space. This changed when B.Amsterdam moved into the former office of IBM. The business center only allows startups that can make a contribution to the community that is created by B.Amsterdam. B.Amsterdam expanded after their first opening. They opted for the Tiara building, which had been vacant for 12 years, and the Flightdeck office building. B.Amsterdam created a new synergy on the Riekerpolder. The vacancy rate in the area is declining rapidly. 167,71 21,346 sqm (12.7%) ,167 sqm 109 IntReal Private Investor Zilveren Toren Batavia 84.2 mn 11.9 mn 7,758 sqm (3.6%) 1,20 23,475 sqm 57,800, ,00 B.Amsterdam B.Amsterdam Tribes Flightdeck Tiara Adam Smith 12,00 9,30 2,10 Chiesie The Base 1,20 DEVELOPMENTS Completion The Base D 6,

8 8 20 Westas Amsterdam 21.0% 17 IJsseloord2 Arnhem 21.3% ,973 sqm (23.7%) 3,762 sqm 355,857 sqm Strijp Eindhoven 21.2% 19 92,718 sqm During the crisis, the Amsterdam Westas was the setting for major transformation projects and redevelopments. In the past few years there has been a considerable increase in takeup by large and smaller partners. Thanks to all the developments on the Westas there is a good mix of residential, offices and hotels. 9 IJsseloord2 is located in a green environment adjacent to the A12 highway. Although the office market in IJsseloord2 still has to deal with an oversupply, in the past few years there have been significant rental transactions and as a result IJsseloord2 came out as best office location in Arnhem. IJsseloord2 still has ample development potential which is perceived as a weakness for investors. Beslist.nl The Office Operators Multiple 16 Driver of the market dynamics in the Eindhoven city district of Strijp is the submarket of StrijpS. The industrial heritage at the former industrial site which belonged to electronics group Philips is now being developed into a creative and innovative hot spot with a rich urban character. Focus Building 2,60 Meander 901 1,50 IJsseloord II 1,86 174,846 sqm 30,212 sqm 100,500,000 ROC Lumen 4,065 sqm FNV Trivium 3,805 sqm Bruggebouw 1, ,831 sqm Blackstone UBS 18 City Centre Hilversum 21.2% Supply of office space in the City Centre of Hilversum and surrounding area has declined markedly in the past few yearsas a result of a high volume of lease transactions. The City Centre of Hilversum in particular attracts governmentrelated organisations. Companies choose the City Centre of Hilversum as a location thanks to the price/quality ratio and the relatively good position between major cities such as Amsterdam and Utrecht. 230,041 sqm 14,536 sqm (6.3%) 8,175 sqm 5,70 Alliantie Connexxion Multiple Producties.nl Queen Towers 56.5 mn AFactorij 30.0 mn SUmma Collegé Blécourtlaan 15,00 Settels Savenije Strijp T 2,874 sqm Larixplein Private Investor PSVLaan mn Private Investor Beukenlaan 6.6 mn Maliebaan Utrecht 20.7% 44 The Maliebaan is situated to the east of Utrecht City Centre. The office market on the Maliebaan is smallscale and fragmented and largely comprises historical office buildings. The Maliebaan is where the highest rents in Utrecht are realized. 72,684 sqm ,389 sqm (6.0%) 635 sqm 2,500,000 Yacht 13,000, , ,744 sqm 17,565 sqm (10.0%) 30,605 sqm (8.6%) Rent 24 4 Regus Larenseweg 50 7,49 Het Perron 4,91 Rotor Media 2,911 sqm Fransiscusweg 249 1,658 sqm Oorsprongpark 1,20

9 9 22 City Centre Den Bosch 20.5% 30 The office market in the City Centre of Den Bosch is largely concentrated on the eastern side of the railway and on the eastern side of the station. In addition, there are some offices spread throughout the historic City Centre. ASR Vastgoedvermogensbeheer bought a large office portfolio from NS Vastgoed at the end of last year. This included a series of office buildings in the City Centre of Den Bosch adjacent to the station. 10,885 sqm (4.8%) 8,737 sqm 5,564 sqm 47,400,000 Avans Hogescholen Le Pavillion 5,00 Holla Advocaten Semaphore 2,50 Laurens Simons Chrysalis 626 sqm ASR Basisfonds Portfolio 25 Papendorp Utrecht 20.0% ,800,000 WTC Papendorp 8,50 Ortelius Offices 3,811 sqm CSC Courtyard Building 3,50 Accenture Courtyard Building 2,80 CIZ Courtyard Building 2,60 Secoya Tower 2,265 sqm Noordhoff Uitgevers 1,871 sqm Private Investor Norgine Scalehub Cross Towers 1,232 sqm VanDeventerHouse 13.0 mn Kroonstaete 5.8 mn Delphi 1,033 sqm Pedro Medinalaan 807 sqm opahuis 634 sqm APF/ Angelo Gordon 104,700,000 Internos Cording/Warburg Sportbonden 6, ,888 sqm ,474 sqm CityPads Bol.com 12,217 sqm (8.2%) 6,472 sqm (4.0%) Guidion 55,993 sqm (17.7%) The Rai and Vivaldi area to the east of the Zuidas dropped significantly compared with the previous ranking. This is particularly due to the low number of rental transactions compared to other office locations in the Netherlands in the past 12 months.. 161,928 sqm Gang 47.4 mn Rai Vivaldi Amsterdam 20.2% 148,543 sqm 8 The Papendorp office park situated between the A2 and A12 highway was developed in the past 15 years. The first developments at Papendorp were largescale office campuses for major IT and consultancy firms such as CapGemini and Atos Origin. Many tenants left Papendorp after their first lease. Many office buildings were left completely vacant. The vacancy rate in the area rose quickly in the crisis. In the past few years many mediumsized companies moved to Papendorp because of the possibility to lease large amounts of office space. The vacancy rate in Papendorp has decreased rapidly in the past few years. It is expected that Papendorp will attract institutional investors in the near future. 317,20 10 Market dynamics in Amsterdam East is increasing. On the one hand, many office buildings on the Wibaut axis are being renovated or withdrawn. On the other hand, in the past few years new offices have been built on the islands in the river IJ ,483 sqm Oost Amsterdam 18.4% Pedro Medinalaan 32.5 mn Europahuis 22.0 mn Delphi 16.0 mn

10 10 District Leiden 26Station 18.2% 16 The office market in the Station District in Leiden is situated around Leiden Central Station and consists out of a number of offices which have been developed over the past decades. One important tenant in the district is Heerema Contractors who had a new head office built in Buitenveldert is located south of the Zuidas and concerns a smallscale market intertwined in a green residential neighbourhood. The relatively small offices in the neighbourhood have done well on the user market. This is in particular the result of low rental levels in comparison with adjacent areas such as the Zuidas and OudZuid. Buitenveldert also offers excellent accessibility from Amsterdam. Amsterdam 27Buitenveldert 17.9% 116,031 sqm 15,643 sqm (13.5%) ,585 sqm Along the A73 highway and close to Dukenburg station is the office park Kerkenbos and Brabantse Poort located. The office location can be seen as the gateway to Nijmegen and serves as the economic City Centre of the city. A strong price/quality ratio has led to an increase in demand for offices in the past few years. Nevertheless, Kerkenbos and Brabantse Poort still have a relatively high supply rate. 136,496 sqm 23,627 sqm (17.3%) Kerkenbos Brabantsepoort Nijmegen 17.8% ,652 sqm 1,200, ,57 20,813 sqm (9.8%) ,395 sqm M Digital Group Kliniek Tristan Capital Mensinge Weerdestein II Edge Portfolio 1,569 sqm 1,016 sqm 28.1 mn Bovemij Klantcontact RIBW Takehofplein Centrum Kerkenbos 14,742 sqm 1,25 1,20 70,000,000 UWV Vondellaan 55 4,395 sqm Nijmegen 29Oost 17.6% 8 90 North Heerema HQ 70.0 mn The office market in NijmegenOost is smallscale and largely comprises historical office villas. The area attracts in particular local tenants. There is no to little vacancy in the area. 66/061 sqm sqm (1.2%) 1,025 sqm Nannies Dagverblijven Dominicanenstraat 91 1,025 sqm

11 11 32 Hanzeland Zwolle 17.2% 30 Bullewijk Amsterdam 17.6% 335,274 sqm There is still a way to go to decrease the oversupply in Zwolle and restore a stable office market. Hanzeland office park situated behind the station is taking the lead in this. The office park attracts in particular governmentrelated organisations. Supply in Hanzeland has been gradually tailing off in recent years ,424 sqm (12.4%) 22,11 17,099 sqm 37,600,000 Sloterdijk Amsterdam 17.2% 31 Bullewijk is a relatively monofunctional office location in Amsterdam SouthEast. During the crisis the vacancy rate rose sharply in Bullewijk, which resulted in the transformation of many office buildings in the area. Nowadays, the demand for office space in Bullewijk is increasing. This is largely the result of the good accessibility and relatively low price compared with neighbouring office buildings in Bijlmer ArenA. Bullewijk is undergoing a transformation in the years ahead and will be turned into a diverse and high quality multifunctional area. 199,358 sqm 17 During the financial crisis Sloterdijk was seen as an unappealing and monofunctional office location and had a relatively high vacancy rate. In the past few years we have seen that investors are investing again in Sloterdijk. Sloterdijk became popular with large office users because compared with other areas in Amsterdam there was the possibility to take up large volumes of office space at relatively favourable rental prices. In the next few years a high number of office buildings will be renovated and increasing rents are anticipated. In addition, the area will become more multifunctional thanks to a range of hotel and residential developments. Credit Agricole White Point 5,00 Het Warenhuis Hullenbergweg 413 3,624 sqm The Office Operations Vogelstruys 2,00 Regus Laarderhoogtweg 25 1,80 Adecco Hettenheuvelweg 37 1,762 sqm The Corner 1,30 Doniger Fashion ,807 sqm 6,831 sqm 25,300,000 Sweco Nederland Hanz 40,522 sqm 11,161 sqm 263,000,000 size Vastint Tricity 20.0 mn Vastint Ruby Point 5.6 mn Alliander Basisweg 10 25,50 Netflix Bright Offices 4,927 sqm Arlandaweg 100 3,60 Acibadem size La Salle IM Bright Offices mn NSI Glass House 57.7 mn Coengebouw 25.3 mn AEW Europe Tristan Capital Imca 15.0 mn Highbrook Investors De West 13.7 mn Highbrook Investors Spectrum 11.6 mn Highbrook Investors La Cascade 10.1 mn Zuiderzeelaan 53 1,707 sqm Le Voie 1,10 size Meander 12.0 mn City Centre Delft 16.5% 38 The office market in the City Centre of Delft is smallscale and spread throughout the historic City Centre. The City Centre attracts many small tenants. 91,139 sqm Cairn Real Estate 106,846 sqm (13.9%) ,007 sqm 24,362 sqm (12.2%) ,24 (4.6%) 1,28 4,000,000 Meermans Westvest 145 1,28

12 12 Rotterdam 34Waalhaven 16.5% Until the 1990s mainly portrelated industrial activities took place in the Waalhaven. In the 21st century the Waalhaven was extended with new land on which a range of modern office buildings have been constructed. The area mainly attracts companies related with the Rotterdam port. 142,33 sqm 25,332 sqm (17.8%) ,034 sqm 36 Business & Science Park Enschede 16.2% 26 The Business & Science Park, next to Twente University, is a hot spot for innovation and enterprise in the Eastern Netherlands and works closely with the university. There have been many small rental transactions in the past few years. 38 Nieuw Centrum Den Haag 15.8% Nieuw Centrum in The Hague forms the dynamic overflow from the historic downtown on the west side of the Central Station and the Beatrixkwartier on the east side of Central Station. Nieuw Centrum is characterised by its large concentration of public and governmental bodies. The municipality of The Hague is growing and has undergone considerable expansion in Nieuw Centrum. 870,108 sqm ,600, ,821 sqm ,56 (4.3%) 10,57 Radio Holland Group Hupack Holding Total Produce Vexleria Limited Brespont Limited Droogdokweg 71 Parmentierplein 20 Port City I Dockworks I Dockworks II Nijmegen 35Goffertpark 16.4% 3,20 2,28 85 size 14.6 mn 6.4 mn Adjacent to the Goffertpark in Nijmegen, there are several high quality office buildings located. In the past twelve months a number of large companies have choosen Goffertpark as their seat. Nexperia Voogd & Voogd Stichting GGnet 90,657 sqm 25,812 sqm (28.5%) Cairn Real Estate 52Degrees 52Degrees St. Annastraat 312 Meander ,287 sqm 9 4,887 sqm size 12.0 mn VTel ICT Hendriksen Recore Systems 37 27,825 sqm (19.1%) Phanteion 2 Auke Vleerstraat 8 Colosseum 13 7,913 sqm 4,500,000 1,726 sqm 1, sqm In the eastern quadrant of the Prins Clausplein, the intersection between the A12 and the A4 highway, is the site of Forepark, comprising both offices and lightindustrial buildings. On the other side of the A12 highway is the residential neighbourhood of Ypenburg located. In Ypenburg a small number of office buildings have recently been developed. The areas perform well on the user market. Key users in the area includes, amongst others, the CBS (the Dutch Central Office of Statistics) and the training centre of the police. Star Apple EBPI Qiss IT 153,243 sqm 17,395 sqm (11.1%) Forepark Ypenburg Den Haag 15.9% Fluitschiplaan 179 CatherinaAmaliastr. Wolga 9C ,767 sqm 2,000, ,376 sqm 1,015 sqm 752 sqm Gemeente Den Haag Gemeente Den Haag Republiek Finland 13,839 sqm Forum Sirius Sirius Utrecht 39Kanaleneiland 15.7% 22,500,000 9,027 sqm 1,974 sqm 656 sqm Kanaleneiland was built in the 1960s as a largescale expansion of the city of Utrecht. The concentration of offices in Kanaleneiland is twofold and situated along the Weg der Verenigde Naties in the North and along the Europalaan in the South. Stichting ROC Brunel KleinKantoor Alstom Transport Perial AM Kildare Partners NSI 411,261 sqm 61,066 sqm (14.8%) 8,609 sqm Kanaalweg 19 Winthont Loft Offices Churchillaan 11 Le Mirage Winthont Loft Offices Europastaete Uniceflaan ,396 sqm 74,400, ,162 sqm 1,44 1,20 1,05 size 31.4 mn 22.5 mn 20.5 mn

13 ,774 sqm (8.0%) 3,805 sqm 24,700,000 City Center 42 Benoordenhout is home to a number of unique organisations. The International Criminal Court moved into their new head office in 2015, that is located in Benoordenhout. The ANWB has had its head office in Benoordenhout since the 1960s. In addition, Shell has had its head office in Benoordenhout for a long time. 370,315 sqm Rijnsweerd Utrecht 14.7% Benoordenhout Den Haag 15.4% Breda 15.0% 11 The City Centre of Breda is a multifunctional location with a mix of old and new buildings. As much as 1/3 of the total office stock in Breda is situated in the City Centre. In 2015, Breda s new Central Station was completed, a largescale transport hub integrating over of office space. Breda Central Station is the first stop for the highspeed line between Paris and Amsterdam. Therefore City Centre of Breda is regarded as the entrance to the Netherlands. Rijnsweerd office park, situated in the east of Utrecht, is excellent accessible as a result of its location adjacent to the A27 highway. The area has developed over a significant period of 40 years. Rijnsweerd includes the head office of insurance firm ASR and is home to Utrecht Provincial Government office. The supply of offices in Rijnsweerd is expected to diminish further in the next few years now that other office locations in Utrecht are almost fully occupied. Furthermore, more redevelopments are expected to take place in the relatively monofunctional area. 345,418 sqm IHCH Jan van Nassaustr. 2,605 sqm NightBalance Van Bylandthuis 655 sqm SWAP Support Van Bylandthuis 545 sqm 246,266 sqm size Warburg/Cording Van Bylandthuis 12.0 mn Goldman Sachs Oostduinlaan mn 3,378 sqm 3,200, De Rotgendokters Deauphine 28 The district south of Breda City Centre is popular amongst many local tenants. The Bond Park office complex attracted several tenants in the past few years. In addition, Opel Netherlands and Avans Hogescholen are dominant users in the area. 160,658 sqm Summa Vastgoed Private Investor 7,457 sqm 8,600,000 Catharinastraat Oude Vest 3 70 Ceresstraat size Nijverheidsingel mn Willemstraat mn MBO Nederland Daltonlaan 300 2,00 St. Vluchtelingstudent Newtonlaan 51 1,21 Graduate Space Euclideslaan Buiten Arnhem 14.6% 74,811 sqm Opel Nederland JanssenCilag Avans Hogescholen Topaasstraat ,90 Bond Park 3,40 Bijster size M7 Real Estate Bijster mn ,037 sqm (12.1%) 1,200, The former KEMA site has been transformed into a parklike office location with a niche for utility companies. Arnhem Buiten provides space to the offices of DNV, Nuon and NRG. The office stock, for the most part comprising monumental buildings, was expanded in 2013 with the head office of TenneT ,794 sqm (11.1%) 5,103 sqm 58,44 (16.9%) Onilne Activity ,543 sqm (4.3%) Stadsdeel Zuid Breda 15.2% Radius Vastgoed size B mn

14 14 Groningen 45Europapark 14.0% Europapark is located between the southern ring road, the A7 and the railway track GroningenZwolle. Europapark features the city hall, the office of Menzis and Mediacentrale business City Centre as well as the FC Groningen stadium. 124,874 sqm 18,947 sqm (15.2%) 13,869 sqm ,600, Rotterdam Noord is situated on the northern side of the rail network in Rotterdam and easy accessible from the Central Business District (CBD) and the City Centre. Rental prices in Rotterdam Noord are lower than in the CBD and the City Centre and, therefore, attract many foundations and companies related to the creative industry. St. Boor 92,376 sqm 21,864 sqm (23.7%) Noord Rotterdam 13.7% Schiekade , ,05 49 CongresEuropol Area Den Haag 13.6% 2 Consulates and embassies largely make up the list of tenants for the Congress City Centre and the Europol area. Europol and the International Criminal Tribunal for the former Yugoslavia are situated here, amongst others. 272,521 sqm IHCH NightBalance SWAP Support Warburg/Cording Goldman Sachs 46 Jan van Nassaustr. Van Bylandthuis Van Bylandthuis Van Bylandthuis Oostduinlaan 2 2,605 sqm 655 sqm 545 sqm size 12.0 mn 12.6 mn Kranenburg Martini Trade Park Groningen 13.8% Kranenburg and the Martini Trade Park are two interconnected office parks which constitute the entrance to Groningen. The vacancy rate in the area is relatively high. Nevertheless, the list of tenants has grown in the past few years and include Deloitte, Webhelp and HRG. 3 van Zuid Rotterdam 48Kop 13.6% The Kop van Zuid is built on a former port site situated in the middle of the Maas. In the early 1990s, redevelopment work started on one of the most high quality residential and office areas in the Netherlands. On the Peninsula, a number of big projects are set to start with the focus on residential and hotel development. 393,354 sqm 29,468 sqm (7.5%) ,359 sqm 167,000, Gemeente Den Haag Ambassade Angola Impact Vastgoed Avignon Capital 5,438 sqm (2.0%) 6,853 sqm Johan de Wittlaan Hertoginnenlaan Plesmanweg 1 OPCW 969 sqm 53,300,000 1,422 sqm 969 sqm size 43.0 mn 38.0 mn 161,375 sqm ,819 sqm (17.9%) 5,137 sqm APL Logistics SHH Wilhelminatoren De Rotterdam 829 sqm 53 Marathon Corum AM World Port Center Laan op Zuid mn 50.0 mn Post NL MEE Foundation RBO Eemsgolaan 13 Springerlaan 13 Rozenburglaan 3 2, sqm DEVELOPMENTS Completion KPN HQ 2,

15 15 Centre Rotterdam 50City 13.5% The office market in the City Centre of Rotterdam is concentrated around the famous streets of Coolsingel and Blaak. In the past few years the investment market and user market have seen some large transactions. The City Centre of Rotterdam still has a significant oversupply but dynamics are expected to further increase.. 977,08 215,864 sqm (21.1%) 51,994 sqm ,807 sqm 122,000, Ettensebaan Tramsingel Breda 13.3% 53 The office market in the area around the Ettensebaan and the Tramsingel, to the west of the City Centre of Breda is smallscale and is predominantly popular with small local tenants. 77,837 sqm 12,82 (16.5%) Centre Leiden 54City 13.3% 94 The historic City Centre of Leiden is in walking distance of the Central Station and mainly includes smallscale and historical office buildings. 5,700,000 72,436 sqm Tribes Tribes Direct Pay Metropoolregio Trainmore Markel Deutsche Bank Cording/Warburg Cools Blaak 34 Blaak 16 Westersingel 12 Cool63 Westerlaantoren Blaak 31 Nieuwe Boompjes 2,65 2,49 2,65 2,458 sqm 1,35 1,345 sqm size 75.5 mn 20.2 mn The First Steps To Ettensebaan 26 Den Bosch 53Paleiskwartier 13.3% HubSpot 1,20 (1.7%) Langegracht 70 3,818 sqm 8,500,000 3,818 sqm Zone Delft 51A % 20 Adjacent to the A13 highway, several office parks are located in close proximity to each other. Key tenants in the area include, amongst others, Hoogheemraadschap van Delfland, Allseas Engineering and Samsung. The Paleiskwartier, to the north of the station in Den Bosch, was designed at the end of the 20th century as a mixed residential and office area. The neighbourhood has good links to the A59 and A2 highways. 208,735 sqm 25,017 sqm (12.2%) ,332 sqm 2,900,000 Breda 55Stadionkwartier 12.9% 17 The area surrounding NAC Breda stadium includes a number of offices located along the Stadionstraat. Although the area performs well over a longer measurement period, in the past twelve months there has been virtually zero takeup of office space. 83,022 sqm ,263 sqm ,101 sqm (18.2%) 24,405 sqm (25.1%) 2,018 sqm Rabobank Riva 2,332 sqm 1,600,000 MN Services Riva 25.8 mn Prime Vision Olof Palmstraat 2,018 sqm

16 16 Den Bosch 56Pettelaarpark 12.8% Pettelaarpark is situated adjacent to the A2 highway and is home to regional offices of service providers such as KPMG, BDO, SNS and Yacht. Brabant Provincial Government office is also situated in Pettelaarpark. 137,926 sqm 9,713 sqm (7.0%) ,553 sqm 5,700, As opposed to the modern Nieuw Centrum in The Hague, Oud Centrum is mostly historical in character. Luzac College Ambassade Kroatie Kronenburg Oude Centrum Den Haag 12.1% 709,929 sqm 36,232 sqm (5.1%) 3,225 sqm Zeestraat 66 Surinamestraat 11 Lange Voorhout ,01 6,100, , Amsterdam 60Noord 12.0% Amsterdam North is experiencing a boom. Largescale hotel and residential projects are being developed on the Northern IJbanks. However, the office market in Amsterdam North remains smallscale and is concentrated in particular around the NDSM wharf. Amsterdam North is an excellent location for new office developments. It is expected that, when the district is connected by the new metro line with the rest of Amsterdam, development of new offices will take place. 166,116 sqm 9,356 sqm (5.6%) ,08 54 Goldman Sachs Schutterhuys 2.7 mn 10,600,000 Dura Vermeer Pettelaarpark 1 3,353 sqm Hilversum 57Arena 12.6% Arena is an office location in the south of Hilversum. Nike and NCOI are the biggest users in the area. In recent years the supply has decreased significantly as a result of several big rental transactions. 158,558 sqm area Amersfoort 59Station 12.0% The Station area in Amersfoort is the bestperforming office location in Amersfoort. In the 1990s the area was redeveloped as an office location. The Station area in Amersfoort is seen as an attractive office location as a result of its excellent accessibility from surrounding cities. 112,726 sqm Festina Sungevity St. Arking De overkant De overkant Buikslotermeerplein 1,318 sqm 1,23 1,035 sqm Amersfoort 61Bergkwartier 12.0% 54 The office market in the Amersfoort Bergkwartier is smallscale and largely comprises historical office villas. 23,511 sqm (14.8%) 2,741 sqm 16,428 sqm (14.6%) 92 45, ,324 sqm 9,200,000 84,300, sqm (1.3%) 52 Xebia Software Spinning Records 3 Angle EPCM Laapersstaete Marathon 4 Olympia 1 4,003 sqm 1,741 sqm 1,00 Stichting Kwintes Colosseum mn Jagersvereniging 2,100,000 Prinses Marielaan 2 52 Lone Star Colosseum mn Attestor Capital M7 Real Estate Berkenweg 11 Stafoort 15.0 mn 11.5 mn

17 17 Rotterdam 63Delfshaven 11.9% 2 Amsterdam 62Overamstel 11.9% 24 Overamstel is an industrial area that is being transformed into a multifunctional residential and office location. The investment market in Overamstel in particular has picked up in the past year. The user market of Overamstel has seen lesser dynamic in the past 12 months. The Rotterdam city district of Delfshaven to the west of Rotterdam City Centre grew in the 19th century as a port for the neighbouring city of Delft. It is now a buzzing district which has seen many developments of residential projects in the past few years. In 2016, more than of office space was withdrawn in Delfshaven as a result of the announced transformation of two of the three Europoint towers. The Europoint Towers formerly the head offices of the municipality are being converted into over 800 homes. 143,296 sqm 26,36 (18.4%) 66,047 sqm ,292 sqm 26,800,000 Enschede 65Binnensingelgebied 11.7% More than half the office space in Enschede is situated in the City Centre, also known as the Binnensingelgebied. The office market in the Binnensingelgebied is relatively stable with an average supply and an active user market. 251,618 sqm ,073 sqm Sanitas Aelbrechtskade 82 1,475 sqm 21,88 (8.6%) 3,712 sqm 57,457 sqm (17.2%) 1,126 sqm size 1,300,000 22,800,000 Intown Group Foolen en Reijs TB Investments Euroopoint I Euroopoint III Euroopoint II 10.8 mn 8.0 mn 8.0 mn Leapp Group Dromenjager A dammium Willem Fenengastr. 565 sqm 561 sqm City Centre Tilburg 64Spoorzone 11.8% 7 St. Leger Des Heils XtraSource Almexx Tubantiasingel 5 Hengelosestraat 1 Nijverheidstraat 5 1, sqm 754 sqm Zadelhoff Beheer Stichting VG&Z Arcos Sterm size 8.8 mn 9.4 mn In 2011 the municipality of Tilburg began the development on a largescale urban redevelopment project of the Spoorzone area, what was once a Dutch Railways train maintenance yard. Together with the City Centre, the area now forms the economic axis of the city. The biggest user in the area is Interpolis, one of the largest insurance companies in the Netherlands. The area has a relatively low vacancy rate. 219,893 sqm ,469 sqm (6.0%) 8,449 sqm 4,600,000 Gemeente Tilburg Spoorlaan ,449 sqm

18 18 66 Brainpark Rotterdam 11.6% Brainpark is an office park to the east of Rotterdam and situated adjacent to the A16 highway. Brainpark is made up of three sections. Whereas Brainpark I and II were developed in the 90s, Brainpark III was developed later on. In the first instance, Brainpark III was part of the Rivium office park in the adjacent city of Capelle aan den IJssel. Rotterdam took over a part of this development and it was added to Brainpark. Big tenants in the area are Willis Towers Watson and PWC. There are still development positions at Brainpark. IHC Baker Tilly Berk Pietercil Barends Biermond Moerman Amundi Impact Vastgoed 194,082 sqm 37,386 sqm (19.3%) 5,782 sqm Lichtenauerlaan 2 The Mark Leentvaarlaan 58 The Mark PWC Rotterdam K.P. Mandelelaan ,852 sqm 53,800, ,115 sqm 1,153 sqm 1,263 sqm 1,119 sqm 44.9 mn 2.4 mn 67 There is not a single location in our ranking which has changed as drastically as BeukenhorstWest in last year. During the financial crisis, vacancy rates in BeukenhorstWest rose sharply. As a result, over 35% of the office stock became vacant. In 2016, Snippe Projecten launched Hyde Park, a largescale area development in BeukenhorstWest in which to homes are planned to be built. Snippe Projecten started by buying up the relatively old and generally vacant office stock. Snippe purchased almost half the stock for 50 million euros and several other offices are expected to be acquired by Snippe. However, the ambition of Snippe Projecten to transform BeukenhorstWest into a urban zone is not the only thing that has quickly changed BeukenhorstWest. For the first time in years, large office takeups were discernible. BeukenhorstWest is expected to change into a multifunctional residential and office area, whereby a number of office buildings within the current office stock still have much potential on both the office user and investment market. Ingenice epayments Buma Strama Container Centrale Regus Drt Groep BeukenhorstWest Hoofddorp 11.4% 77,633 sqm 4,854 sqm (6.3%) 59,887 sqm High Five Azura Center Neptune One Azura Center Kosmos sqm 39,700, ,506 sqm 4,111 sqm 2,025 sqm 1,553 sqm 1,535 sqm Rotterdam 68KralingenCrooswijk 11.4% 54 The KralingenCrooswijk city district in eastern Rotterdam and is accessible by, amongst other ways, the A16 and the A20 highway. The smallscale office market is spread over a small number of office buildings. ITErnity 116,067 sqm 9,355 sqm (8,1%) Adriaan Volker Huis ,10 Hurk Lievendaal Eindhoven 69De 11.2% 23 De Hurk and Lievendaal is a mixed business site along the A2 highway, featuring more than 300 companies. In the past 12 months, there were little to no major activities on both the user and investor market. 153,089 sqm 19,407 sqm (12.7%) ,118 sqm 2,100,000 Certitudo High Five 8.0 mn Arbo Unie Bouwbedrijf Beemdstraat 1 Dillenburgstraat 25A 663 sqm 525 sqm

19 19 70 RotterdamThe Hague Rotterdam 11.7% Morsdistrict Leiden 10.4% RotterdamThe Hague is the Netherland s second regional airport. There is a smallscale office park adjacent the airport. Whilst there is relatively little supply in the area, there is little activity on the local user market ,676 sqm (7.1%) Delftechpark Technopolis Delft 10.7% 71 City Centre Station area Groningen 10.9% ,072 sqm (2.6%) 70 13,23 Gemeente Groningen 16,200,000 Trompsingel ,203 sqm (10.5%) 1,45 Naturalis Opaalstraat 1 1,45 Trapezium 7.8 mn South of the City Centre of Apeldoorn there is a series of linked office locations which together form the ZuidWest district. There are large companies established in the area. The biggest user in the ZuidWest city district is Centraal Beheer Achmea which has established an office campus here. In addition, the tax authorities and the police are based in the area. 244,058 sqm Rokken, Lansingen Zoeterhage Zoetermeer 10.6% 32 In Zoetermeer, submarkets Rokkenhage, Lansinghage and Zoeterhage can be seen as a unified mixed office/ business park. The area has relatively low supply. The past year there was little activity on the user market ,674 sqm (9.2%) 613 sqm 1,900, ,764 sqm (11.4%) 1,46 224,668 sqm Stadsdeel Zuidwest Apeldoorn 10.3% 54 Lone Star ,148 sqm (3.3%) 186,805 sqm 73 9 The Delftechpark is a knowledgeoriented office park close to the TU Delft. In the 1990s, the municipality of Delft took the initiative for the development of Delftechpark in order to enhance the position of Delft as a city of knowledge. In 2005, the initiative was extended with the start of the development of neighbouring Technopolis Innovation Park. Amongst others, Exact, Applikon and 3M have established their head office here. In the next 25 years the stock of Technopolis can expand to The City Centre and Station area of Groningen are regarded as an important office location in the north of the Netherlands. Big tenants in the area are KPN, UWV and IBM. 302,281 sqm 58,82 75 The office market in the Morsdistrict is primarily located along the Plesmanweg. The office stock is relatively old. The district has seen many transformations in recent years ,586 sqm 64 Mazars Accountants Christian Guertsweg 832 sqm Hoog Laan van Westenenk 628 sqm

20 20 Park Hilversum 78Media 10.1% 2 Zoetermeer 76Rokkeveen 10.3% 40 Rokkeveen office park is located next to Zoetermeer station and provides a direct link to the A12 highway. Although the area has performed fairly well, in the past few years relatively few large rental transactions occurred. The Media Park in Hilversum is an office location where Dutch television and radio productions in particular are made. Large users in the area are, amongst others, Independer, NOX People as well as many media related companies. 211,893 sqm 28,573 sqm (13.5%) 5,764 sqm ,80 1,100, Stadsdeel Oost Schalkwijk Haarlem 10.0% 6 The city districts of Oost and Schalkwijk form the eastern part of Haarlem. The most successful building in the area is Oostpoort which is the gateway to Haarlem from Amsterdam. It is expected that in the future, many office buildings in city district Schalkwijk will be withdrawn. 136,432 sqm 22,965 sqm (16.8%) Independer Mybit Multimedia MBO Media College Hilversum Twee Koos Postemalaan 2 Bob Spaaklaantje 2 4,00 1, ,559 sqm 32,329 sqm (21.9%) ,255 sqm Herven Den Bosch 77De 10.2% 6 The office area de Herven is located along the A2 highway. Big tenants in the area include Quintig and Prolease. Stratum Eindhoven 79Tongelre 10.1% 14 The city districts of Tongelre and Stratum are in the east of Eindhoven. The office market is spread over the city districts. In recent years there have been relatively few rental transactions taking place. 113, GLI ope Airtrade Holland Oostpoort Centre Oostpoort Centre 1,553 sqm 70 Centre Zoetermeer 81City 10.0% ,652 sqm 30,341 sqm (18.9%) ,71 13,45 (11.8%) 668 sqm There is little activity on the user market in the City Centre of Zoetermeer and therefore despite the relatively low supply the area performs worse than other office locations in Zoetermeer. 224,525 sqm ,300,000 6,93 (3.1%) sqm 800,000 Prolease Engie Annadiva Europalaan 30 Bruistensingel 600 Australielaan 5,611 sqm

21 ,301 sqm (11.1%) City Centre Leeuwarden 9.8% 84 The office market in the City Centre of Dordrecht consists of small and historic office buildings as well as large complexes around the station. The vacancy rate in the area has decreased significantly in the past few years. Big tenants in the area include Intersafe and UWV. 227,283 sqm Holendrecht Amsterdam 9.7% City Centre Dordrecht 10.0% The city s highest quality office buildings are situated in Leeuwarden City Centre. Therefore, the City Centre is ranked as the best location in Leeuwarden ,543 sqm 242,68 2,900,000 Stichting Yulius Raadtsingel 93 2,20 Triftleet Leasing Johan de Wittstraat 71 Amstelwijckweg 633 sqm 83 Visser & Visser Owing to a successful transformation of Bergwijkpark, once a fully vacant office park, the vacancy rate in Diemen has decreased considerably. Diemen, therefore, now has a smallscale but stable office market. The decline in office stock has also led to some loss of market dynamics. M7 Real Estate 3,00 5,046 sqm Nuon Energy Zaailand 106 3,00 13,962 sqm (8.0%) 3,800,000 Leyten Leeuwenborg 11.9 mn BeukenhorstOost Hoofddorp 9.8% 15 Campus Offices 3.8 mn 273, ,269 sqm (19.4%) 11,231 sqm 24,700,000 Moos Holding Wegalaan 50 5,00 CNV Vakmensen Polarisavenue 175 2,00 Unisys Nederland Spicalaan 1 1,886 sqm ,297 sqm (11.8%) 10,566 sqm 2,195 sqm 21,950,000 UniQure Powerpeers BeukenhorstOost is the largest subarea within the Beukenhorst office market. It consists of largescale multitenant office buildings and smallscale single tenant office buildings. In the past few years BeukenhorstOost has stabilised after a period of rising vacancy rates and declining activity on the user market. In the past few years a number of investors have been active in acquiring and renovating the old stock. This has resulted in a significant increase in takeup rates in BeukenhorstOost ,899 sqm 15,212 sqm (6.3%) 54 The area of Holendrecht, also known as Southeast South, is the worstperforming Amsterdam office location in our ranking but rose considerably relative to last edition. This underlines the demand for office space in Amsterdam as a whole. The growing demand for office space in Holendrecht is the result of low rental prices and excellent accessibility for both public transport and car users. In the next few years the office area will transform into a multifunctional area in which the municipality also aims for largescale residential developments Diemen 9.9% 175,321 sqm Paasheuvelweg 25 10,00 Oficio 566 sqm TB Investments Paasheuvelweg mn Glendale Group Paasheuvelweg mn

22 22 Amersfoort 87Zonnehof 9.5% 31 Centre Almere 91City 8.1% 33 Between the Amersfoort station area and the inner city area lies the neighbourhood of Zonnehof. Along the Smallepad there are largescale office buildings which mainly became vacant in the past few years. The office market in Zonnehof is undergoing improvement. For example, the transformation has been announced of the former office of insurance firm de Amersfoortse. In addition, Vesting Finance leased one of the three vacant buildings in the ABC55 complex. 156,114 sqm Deventer 89Binnenstad 9.4% 38 The office market in Deventer City Centre has a relatively low vacancy rate and is mainly popular with small local tenants. In the past year there have been no major rental transactions. Spread over the City Centre of Almere there are a number of office buildings that vary greatly in quality. Eyecatcher in the City Centre of Almere is De Landdrost office building. 138,886 sqm 21,96 (15.8%) sqm 51,309 sqm (32.9%) 12,025 sqm 116,916 sqm ,258 sqm 8,308 sqm (7.1%) Vesting Finance Fondsenbeheer NL Nutreco ABC 55 Utrechtseweg 12 Stationsstraat 77 7,50 1,60 1,05 Leiden 88Lammenschans 9.4% 19 Lammenschans is located around the train station of the same name. The area is a mix of largescale retail parks and smallscale offices. 95 1,500,000 Weide Utrecht 90Lage 9.4% 16 Business Park Lage Weide is situated on both sides of the A2. The extensive office and business park is one of the oldest industrial areas in the Netherlands. In the past few decades there have been some office developments with a highvisibility location on the A2. Lage Weide is home to almost employees in the industry and construction sector. Stichting Kwintes Schoutstraat sqm Poort Nieuwegein 92De 9.0% 16 Office location De Poort is the entrance to Nieuwegein. Most buildings in De Poort were developed in the 1980s and 1990s. Unlike other office areas in Nieuwegein supply is limited and rental transactions occur on a regular basis. 87,262 sqm ,335 sqm ,533 sqm ,599 sqm (13.3%) 13,944 sqm (18.5%) 547 sqm 53,08 (23,1%) 1,442 sqm 32,100,000 12,000,000 Accountor NL Nevelgaarde 8 1,176 sqm Riksja Travel Event Travel Group Pompoenweg 9 Rooseveltstraat 55 2,158 sqm 547 sqm FNV Dura Vermeer Page Facet A Computerweg 12 12,00 1,572 sqm Attestor Capital De Poort 32.1 mn APF International Corum AM Vitens Sealed AIR 7.0 mn 5.0 mn

23 23 Alexander Rotterdam 93Prins 9.0% 11 Prins Alexander is an urban sprawl from the 1970s. It features one of the biggest shopping City Centres in the Netherlands as well as a largescale office market. A lot of activity takes place in the area both on the user and investment market. Yet, Prins Alexander still presents considerable oversupply. Energy supplier Eneco moved into its new head office in The National Police opted for the New Tide office building in 2016 which was redeveloped by OVG Real Estate and last year was sold to the Belgian OGEO Fund. It was their first acquisition in the Netherlands. Croomwolter & Dros Connected World OGEO Fund Signal Capital 268,325 sqm 62,538 sqm (23.3%) 2,562 sqm Maxium Eurogate I New Tide Lotus C&E ,112 sqm 86,600,000 8, sqm 37.5 mn 32.2 mn Hoef Amersfoort 94De 8.9% 15 De Hoef in Amersfoort is a largescale office and business park between the A1 highway and A28 highway. The area has to deal with oversupply. As a response, the municipality announced substantial transformation possibilities in the near future in the western part of De Hoef homes are to be built here in the next few years. St. Roc St. Volkshuisvesting Regus 349,397 sqm 79,457 sqm 22.8%) ,36 3,900,000 Centre Nijmegen 95City 8.8% 17 The City Centre of Nijmegen consists of small historical office buildings and large office buildings in the area around the station. The area has a relatively low vacancy rate. 110,683 sqm Disketteweg 2 Computerweg 1113 Databankweg ,50 2,30 1,45 Arnhem 96Velperweg 8.4% 54 The office market in the area around Velperweg to the east of Arnhem City Centre comprises a mix of small historical office villas and large office buildings which were mostly developed in the second half of the 20th century. In the past few years several office buildings were withdrawn from the stock which resulted in a sharp decline in supply. CGI MWH Global Het Sportlokaal 215,766 sqm 16,211 sqm (7.5%) De Enk De Enk Wiarda ,942 sqm 2,200,000 1, sqm Midden (excl. Marslanden) Zwolle 97Stadsdeel 8.4% 61 Stadsdeel Midden is the core of Zwolle. This comprises both historical office buildings in the old inner city and large office buildings in the surrounding districts. 3,24 (2.9%) 160,663 sqm ,807 sqm (4.9%) 50 Young Capital Wezelandstate 50

24 24 Rijswijk 98Hoornwijck 8.4% 7 Hoornwijck is situated along the A4 highway. There have been many large rental transactions in the past year. However, the area continues to deal with oversupply. 170,482 sqm 49,209 sqm (28.9%) ,528 sqm 100 City Centre Haarlem 8.2% 60 Plettenburg and Laaggraven are mixed office and business locations on both sides of the Amsterdam The historic City Centre of Haarlem largely consists of small historical office buildings. Vacancies are rare in the City Centre of Haarlem. Laaggraven Nieuwengein 102Plettenburg 8.0% 25 Rijn canal. Many transformations are expected in the area in the near future. CSC Petrogas E&P Berman BZ Rijswijk Attestor Capital Highbrook Investors Jovi Investments Laan Zuid Hoorn 70 Laan Zuid Hoorn 2 Wing Building patrijsweg 4140 Laan Vredenoord 8 Santorini & Wing 28,900,000 4,03 3,40 1,098 sqm 19.6 mn 6.2 mn 3.5 mn Oost (excl. Oosterenk) Zwolle 99Stadsdeel 8.4% ,208 sqm 8,415 sqm (22.8%) 2,805 sqm ,500,000 Hollandsekant Almere 8.1% 41 The Hollandsekant business park is located adjacent to the N702 national road. Like other areas in Almere, Hollansekant has a large oversupply of office space. The area is home to local tenants in particular. VVE Metea Zorgspectrum 256,885 sqm 45,861 sqm (17.9%) Einsteinbaan 6 Einsteinbaan ,86 4,900,000 1,36 1,05 & Schieweg Delft 103Rotterdamse 8.0% 17 Several large and small offices are spread throughout the different city district Stadsdeel Oost. The office market in Stadsdeel Oost is situated around the A28 highway in particular. The city district has a relatively low vacancy rate. 167,081 sqm 19,206 sqm (26.9%) ,729 sqm 39,178 sqm 8,004 sqm (18.9%) ,90 Along both sides of the Delftse Schie waterway are the Rotterdamseweg and Schieweg office and business parks located. Big tenants include, amongst others, Joulz, Stedin and OGD ICT services. 62,608 sqm 4,68 (7.5%) ,950,000 ROC Flevoland Trendzer OCA Almere Armstrongweg 46 Armstrongweg 86 Armstrongweg Yacht PWC Faeton Burg. Roelenweg 13 1,50 1,279 sqm Goldman Sachs Burg. Roelenweg mn

25 Amstelveen Amstelveen 7.3% 1 The office market in Amstelveen has been developed since the second half of the 20th century. Consequently, most of the office stock comprises relatively old office buildings. In the past ten years, Amstelveen has had to deal with a high vacancy rates. But things have picked up in the past few years. The vacancy rate in Amstelveen went down thanks in particular to large transformation projects. In the past twelve months the transformation of the old KPMG office was announced that had been fully vacant for over six years. In the south of Hengelo is the office and business park Twentekanaal located, named after the canal of the same name. There are over 350 companies in the business park. There is relatively little supply in Twentekanaal. Prescan Hengelo 105Twentekanaal 7.8% 34 23,619 sqm 3,56 (15.1%) Amaliastraat ,20 1,20 Polder Rotterdam 107Spaanse 7.7% 25 Spaanse Polder is a mixed office and business park in the west of Rotterdam along the A20 highway. The most wellknown building in Spaanse Polder is the Van Nellefabriek, a listed building dating from 1923 that acts as a hotspot for creative companies. The office market in Spaanse Polder has to deal with oversupply. The Municipality of Rotterdam has set aside the area for industrial activities, which discourages tenants to establish in Spaanse Polder. 147,41 29,483 sqm (19.8%) sqm Amity International Ford OneXS Highbrook Investors Rijsterborgh Signal Capital 551,493 sqm 57,133 sqm (10.4%) 23,697 sqm Heempark I The Garden Krijgsman 75 Parktoren The Garden Kronenburg ,177 sqm 43,600,000 6,25 2,265 sqm 1, mn 16.0 mn 9.3 mn area Almere 106Station 7.7% 40 After years of little activity, market dynamics on the user market is starting to increase in the office market of Almere. The Station area is expected to take the lead in this. This is because the first transformations of offices in the station area have taken place. The Alnovum office building was sold to a private investor who intends to transform part of the building into a hotel. In the autumn Attestor Capital will start working with Plaza Hotel group on the transformation of the Martinez tower. Big office users in the area include, amongst others, USG People and the UWV. 153,165 sqm 56,193 sqm (36.7%) , Kleefse Waard Arnhem 7.5% 12 The Kleefse Waard in Arnhem is mainly used for industrial activities. This means it is hard for the Kleefse Waard office stock to attract tenants. The area still has to deal with an oversupply. 75,875 sqm 21,115 sqm (27.8%) ,30 19,797 sqm 50,300,000 UC International Westervoortsedijk 60 2,30 Kildare Partners Kildare Partners Kildare Partners WTC Almere Le Branchement L\Aiguille 41.7 mn 6.2 mn 2.4 mn

26 City Centre Apeldoorn 7.4% In the City Centre of Apeldoorn, the demand for office space is limited. Meanwhile, as much as of office space has been withdrawn from the office market in Apeldoorn. 109,239 sqm At a short distance from the A27 highway are the Hoogeind and Moleneind office and business parks located. The area has an oversupply of office space and there is little rental activity. 12,200,000 Hof van Breda 11.1 mn 4, ,481 sqm 3,721 sqm 2,700, ,65 (24.1%) 1,30 17,100,000 Tribes Novaform Corum AM 5,000,000 Entrada 70 Eagle 60 Van Gansewinkel 16.2 mn Stadspoort 5.0 mn Plaspoelpolder Rijswijk 7.3% 30 The Plaspoelpolder has the lowest takeup compared with other areas in Rijswijk. The first transformation projects are taking place in the Plaspoelpolder and further transformations are expected in the years ahead. 665,718 sqm ,904 sqm 57,739 sqm (32.6%) Private investeerder 14 NS Roggestraat 11 Businesspark Flight Forum, next to Eindhoven Airport, is divided up into separate clusters for lightindustrial and offices. Flight Forum attracts companies linked to aviation, and others too, but has been dealing with oversupply for quite some time. 32,878 sqm (8.8%) Daan Advocatuur Flight Forum Eindhoven 7.4% The City Centre of Arnhem has over 1/3 of the Arnhem office stock. The vacancy rate in the area has fallen considerably in the past few years. This is due to transformations, on the one hand, and rental activity, on the other. However, the takeup in office space has dropped in the past year. ING Bank 177,226 sqm 112 City Centre Arnhem 7.5% 1,900,000 ovvice Apeldoorn 371,973 sqm 7,098 sqm The office market in the area around the Boerhavelaan is the worstperforming office location in Zoetermeer. The relatively old office stock has a considerable vacancy rate. Also, there are a limited number of rental transactions taking place. Goldman Sachs 4,640sqm 14,12 (22.0%) 21,498 sqm (19.7%) % ,211 sqm Boerhavelaan Zoetermeer Hoogeind Moleneind Breda 7.5% ,613 sqm (13.0%) 2, ,00 7,400,000 Parktoren 1,10 Highbrook Building 026 1,10 Private Investors Rijntoren 804 sqm L entrée 3.7 mn Visseringlaan 3.0 mn

27 Gooise Kant Almere 7.2% 28 The Gooise Kant office and business park in Almere is situated along the A6 highway and forms the gateway of Almere from Amsterdam. A large part of the stock is vacant. Symbolically for the large oversupply is the landmark building Green Capital Towers. The building has a surface area of and has been virtually entirely vacant for a considerable time. Highbrook Investors Highbrook Investors 106,342 sqm 59,77 (56.2%) Mercurius Triptygon A ,501 sqm 6,700,000 Laar Tradepark 58 Tilburg 116 t 3.6 mn 2.3 mn 7.2% 17 t Laar and Tradepark 58 is located on both sides of the A58 highway and forms the gateway to Tilburg. Large tenants in the area are insurance company Interpolis and Petrol Industries. The area still has an oversupply. Voorhof Delft 117Tanthof 6.9% 29 Most of the offices in the neighbourhoods of Tanthof and Voorhof are vacant. In recent years, leasing activity has increased. The city of Delft has succeeded in the past few years in letting a large section of the vacant office building De Rode Haan. TopDesk XYR Solutions 72,897 sqm 14,75 (20.2%) De Rode Haan De Rode Haan ,934 sqm 1,375,000 5,172 sqm 762 sqm ZuidWest Haarlem 119Stadsdeel 6.7% Stadsdeel ZuidWest combines the characteristic neighbourhoods of Haarlemmerhoutkwartier and the Leidsche Spoorbaan. The area has a relatively low vacancy rate and a stable takeup ,383 sqm 6,735 sqm (5.3%) 4, ,700,000 Bedrijvenpark Noord Apeldoorn 6.7% 16 The ApeldoornNoord business park is located north of the City Centre close to the A50 highway. Large users in the area are KPN and IT specialist Insight. 88,668 sqm ,719 sqm 28,511 sqm (26.5%) De Viaanse Molen Alkmaar 6.9% 2 15,954 sqm (18.0%) 2,445 sqm 70 The Viaanse Molen is situated in the northwest of Alkmaar along the N9 road. The area combines smallscale offices with light industrial activities. 162,995 sqm Invest Online Boogschutterstraat ,459 sqm (5.2%) 638 sqm 2,975,000 CKH Advocaten Toermarlijnstraat sqm

28 Voortserpoort Zwolle 6.3% 4,750,000 DAS Verzekeringen Provincialeweg 33 1,432 sqm Archer Daniels Provincialeweg 33 1,333 sqm Lieftinckweg sqm Cairn Real Estate De Icoon 4.5 mn 122 Industriekwartier Amersfoort 6.3% 11 Industriekwartier in Amersfoort is an industrial area in the main. There are some offices spread throughout the area. The area has an oversupply and there is relatively little rental activity. 68,385 sqm Mariahoeve Den Haag ,167 sqm (22.2%) 6.0% 82,032 sqm 7 Woensel is the northern part of the municipality of Eindhoven. Big tenants in the area include Randstad and Infosys. 212,578 sqm ,885 sqm (7.2%) ,742 sqm (17.3%) 4,494 sqm 17,600,000 Randstad Anderlechtlaan 717 2,179 sqm Heijmans Boschdijk sqm La Havre 70 Erpheon 100 Mariahoeve lies to the northeast of the City Centre of The Hague. Mariahoeve comprises a small cluster of offices along the Bordewijklaan and Aegon s head office that is close to the train station Mariahoeve. Woensel Eindhoven 6.0% 8,948 sqm (7.5%) 124 3,451 sqm Klomp Management ,85 (7,0%) ,776 sqm 125 The office market in Zaandam is largely concentrated around the station. Amongst others, Ahold is based here and moved a few years ago from Amsterdam to Zaandam. Westermaat Hengelo 5.9% Voortserpoort office park is situated adjacent to the A28 highway. Voortserpoort consists of tall and large office buildings, including the almost a hundred metre high IJsseltoren completed in 2016 with tenants such as ABN Amro, Delta Lloyd and Essent. In 2010, the Electrabel office was completed. In the past few years there have been few rental transactions in Voortserpoort. Zaandam 6.3% 310,677 sqm 21 Westermaat is a largescale residential, retail and office location in Hengelo. Westermaat has a relatively high oversupply. 148,312 sqm TB BHW Projects Boschdijk mn ,482 sqm (23.2%) 3,278 sqm

29 Oosterenk Zwolle 5.6% 18 Oosterenk is an office location situated around the old stadium of FC Zwolle, close to the Ring Road. The area has to deal with an oversupply. Capelle aan den IJssel 131Rivium 5.1% ,268sqm 28,717 sqm (19.4%) sqm 129 Corpus Den Hoorn Groningen 5.6% 5 Rivium office park was developed in a period between 1990 and 2008 as a solution for the growing lack of office space at that time. In the crisis the vacancy rate in the area grew to as much as 33%. There is still little rental activity in Rivium. Largescale transformation is expected to take place in future. Niemand Ingeni us La Barrage 4,300, SchipholRijk Amsterdam Airport 586 sqm 5.6% 19 SchipholRijk features both office buildings as large logistic complexen. Although the logistics market at SchipholRijk is performing well, there is little activity on the SchipholRijk office market. SchipholRijk has an oversupply for many years. It is expected that, now vacancy rates in the Greater Amsterdam region are declining, the office market in SchipholRijk will pick up. In the south of Groningen is the office market of Corpus Den Hoorn located. Most offices in the area were developed in the period between 1980 and In the area there is relatively little takeup in office space. 114,39 15,829 sqm (13.7%) ,700,000 Poort Arnhem 130Gelderse 5.3% ,729 sqm 87,897 sqm (30.2%) ,200,000 City Centre Almelo 5.1% 15 Supply in Almelo City Centre has declined in the past few years. Local businesses are primarily responsible for takeup in Almelo. 218,506 sqm 48,76 (22.3%) The Gelderse Poort office park is situated on the southern entrance to Arnhem. The area has an oversupply. The Landmark of the area is the former head office of Ohra which was bought by the Renschdael group. The building covering is expected to be transformed into a multifunctional residential and office building. 128,532 sqm 18,07 (14.1%) sqm 24,000, ,494 sqm 42,605 sqm (33.9%) Kosidion 1,843 sqm 1,150,000 St. Thuisgevoel 991 sqm Signal Capital Attestor Capital Boeingavenue 3199 Boeingavenue mn 6.9 mn 12,200,000 Kosidion De Poort 85 Renschdaal Groep Ooyevaarsnest 9.0 mn

30 Prinsenbeek Breda 4.9% The office market in Prinsenbeek is located around the train station of the same name. In the past year Vroon and Boskalis have established in the area. Marslanden is an office and business park to the southeast of the City Centre of Zwolle. Although the supply of office space is relatively low, activity is little. 5,082 sqm Vroon Frankfurt 3,85 Basalt 1,232 sqm Boskalis The NoordWest City District in Apeldoorn has to deal with a considerable oversupply. Little rental activity takes place. One of the bigger tenants in the area is Divitel. At the edge of the City Centre of The Hague is Laakhaven located, adjacent to the Holland Spoor station. The area attracts many educationrelated tenants. Big tenants in the area include ROC Mondriaan and Haagse Scholen. 221,923 sqm 1,044 sqm 17,913 sqm (26.0%) 769 sqm 19,491 sqm 35,500,000 De Haagse Scholen 2,292 sqm 63 Three years ago the Binckhorst office and business park in The Hague had a vacancy rate of more than 30%. In 2008, a development plan was drawn up outlining the transformation of the southern part of the Binckhorst. In the past year the former head office of KPN was withdrawn. This has resolved most of the oversupply at Binckhorst. 227,695 sqm HS Building 1,044 sqm 3,373 sqm (11.0%) Binckhorst Den Haag 4.1% ,708 sqm (15.2%) ,845 sqm 30,658 sqm Stadsdeel Noordwest Apeldoorn 5.0% 15 Laakhaven Den Haag 4.2% 20 Randstad office park in Almere is a smallscale office strip next to the main train station and the City Centre. Although accessibility of the area is excellent, there have been few rental transactions in the past few years. This can be explained by the relatively low quality of the office buildings compared with the office buildings in the adjacent station area % 16,636 sqm (26.7%) 3,466 sqm (4.2%) ,387 sqm 9 Randstad Almere Marslanden Zwolle 5.0% 82,853 sqm 21 Goldman Sachs t Schip 10.2 mn Attestor Capital Poseidon 8.2 mn ,167 sqm (9.3%) 69,491 sqm 37,800,000 Corum AM The Green Campus 37.8 mn

31 Zuiderval Enschede 4.0% 7 In the second half of the 1990s work started on the development of the Zuiderval. It was supposed to become a largescale office boulevard. Only 2/3 of the original plans were realised and the area has an significant oversupply. In the past few years there have been few rental transactions. Key tenants in the area are PWC and Rabobank. Rabobank. 56,571 sqm 10,202 sqm (18.0%) Bergweide Hanzepark Deventer 3.4% 21 Hanzepark in Deventer is situated along the A1 highway. Hanzepark has been dealing with considerable oversupply for years. 143 City Centre Nieuwegein 2.0% The office market in the City Centre of Nieuwegein is smallscale with a significant oversupply. 51,601 sqm 11,373 sqm (9.8%) , ,292 sqm 3,450,000 52,434 sqm (34.3%) 1,298 sqm 140 Stadskern Stadsring Amersfoort 3.5% 17 In the City Centre of Amersfoort there is relatively little rental activity compared with the area around the main train station of Amersfoort. 106,536 sqm 8,924 sqm (8.4%) ,246 sqm Pulse Solutions M7 Real Estate tb Investments tb Investments 6,750,000 Zeus 658 sqm Munsterstraat mn Keulenstraat mn Keulenstraat mn 144 BedrijventerreinWest Leeuwarden 1.7% 18 Bedrijventerrein West is situated in the southwest of Leeuwarden. Bedrijventerrein West is dealing with oversupply and little rental activity takes place 86,115 sqm 16,694 sqm (19.4%) ,750, Zuid Hengelo 2.9% 7 South of the train station in Hengelo there is a concentration of a number of office buildings. There is little rental activity in the area. 85,291 sqm 5,102 sqm (6.0%) Kronenburg en Groningensingel Arnhem 1.4% Around the Kronenburg shopping City Centre and along the Groningensingel is a concentration of offices, most of which were developed in the 1980s and 1990s. The area has to deal with considerable oversupply and there is little rental activity in the area ,659 sqm ,111 sqm (32.7%)

32 32 Alkmaar Apeldoorn Den Haag 118 De Viaanse Molen 6.9% Almelo Ranking Locatie Score Pagina 132 Binnenstad 5.1% Almere Ranking Locatie S c o re Pagina 91 City Centre 9.3% 101 Hollandsekant 8.1% 106 Station area 7.7% 115 Gooise Kant 7.7% 137 Randstad 4.1% Amersfoort Ranking Locatie Score Pagina 59 Station area 12.0% 61 Bergkwartier 9.5% 87 Zonnehof 8.9% 94 De Hoef 6.3% 122 Industriekwartier 3.5% 140 Stadskern Stadsring 3.5% Amstelveen Amsterdam 1 Zuidelijke IJoevers 62.7% 2 Zuidas 46.4% 6 Amstel Station 32.0% 7 City Centre 28.7% 10 OudZuid 24.4% 12 Bijlmer ArenA 23.9% 16 Riekerpolder 22.0% 20 Westas 21.0% 23 Rai Vivaldi 20.2% 25 Oost 18.4% 27 Buitenveldert 17.9% 30 Bullewijk 17.6% 31 Sloterdijk 17.2% 60 Noord 12.0% 62 Overamstel 11.9% 86 Holendrecht 9.7% Ranking Locatie Score Pagina 104 Amstelveen 8.0% 25 Ranking Locatie Score Pagina Stadsdeel ZuidWest 10.3% 111 City Centre 7.4% 120 Bedrijvenpark Noord 6.4% 134 Stadsdeel NoordWest 5.0% Arnhem 17 IJsseloord2 21.3% 44 Buiten 14.6% 96 Velperweg 8.7% 108 Kleefse Waard 7.5% 110 City Centre 7.4% 130 Gelderse Poort 5.3% 145 Kronenburg en Groningensingel 1.4% Breda 41 Stadsdeel Zuid 15.2% 42 City Centre 15.0% 52 Ettense Baan Tramsingel 13.3% 55 Stadionkwartier 12.9% 109 Hoogeind & Moleneind 7.5% 135 Prinsenbeek 4.9% Capelle aan den IJssel 131 Rivium 5.1% Delft 33 City Centre 16.5% 51 A13 Zone 13.5% 72 Delftechpark Technopolis 10.7% 103 Rotterdamse en Schieweg 8.0% 117 Tant en Voorhof 6.9% Den Bosch 22 City Centre 20.5% 63 Paleiskwartier 13.3% 66 Pettelaarpark 12.8% 77 De Herven 10.2% Beatrixkwartier 22.2% 37 Forepark Ypenburg 15.9% 38 Nieuw Centrum 15.8% 40 Benoordenhout 15.4% 49 Congresen Europolgebied 13.6% 58 Oude Centrum 12.1% 125 Mariahoeve 6.0% 136 Laakhaven 4.2% 138 Binckhorst 4.1% Deventer 89 City Centre 9.4% 141 Bergweide Hanzepark 3.4% Dordrecht 82 City Centre 10.0% Eindhoven 9 City Centre 23.6% 11 High Tech Campus 24.2% 19 Strijp 21.2% 69 De Hurk Lievendaal 11.2% 79 Tongelre Stratum 10.1% 112 Flight Forum 7.4% 124 Woensel 6.0% Enschede 36 Business & Sciense Park 16.2% 65 Binnensingelgebied 11.7% 139 Zuiderval 4.0%