Dutch Capital Markets Outlook 2013 | JLL

Investment market 2012

The opportunities that Jones Lang LaSalle and ABN AMRO highlighted for investors in 2012, remain this year. Notably in the residential property market, real estate financing and large-scale prime office real estate.

Investment volumes fall in 2012

Investment in direct real estate in the Netherlands totaled € 4.25 billion in 2012, a fall of around 12% in comparison with 20112. During the first three quarters investment activity was in line with that of 2011, totalling €3.23 billion. However, the traditionally strong fourth quarter did not materialize in 2012, causing an historic low. Investment volumes in Q4 came to over € 1.0 billion.

Office investment volumes dominated by major deals

Considerable differences can be seen at sector level. The most noteworthy is the trend for large lot size transactions in the office market. In comparison with 2011 (€ 1.38 billion), the overall office investment volume fell by around 11%, reaching a total of around € 1.24 billion. Remarkably, however, just three transactions accounted for 60% of the total investment volume. These transactions were the sale of High Tech Campus Eindhoven and office buildings The Rock and Viñoly in the Zuidas area of Amsterdam. A mere three transactions being of such importance for the annual volume of investment is unprecedented.