German open-ended real estate funds together decided to postpone investments in Dutch commercial real estate due to the Dutch government´s plans to abolish the fiscal deduction of depreciation on commercial real estate. The amount effected could run up to € 1.0 bln per year.
According to an overview by Jones Lang LaSalle, German open-ended funds have together decided to postpone any investments in Dutch commercial real estate for the time being as a result of new government´s plan to abolish the fiscal deduction of depreciation on commercial real estate.
According to a recent study by Troostwijk, German investors have investments up to € 5.6 bln in commercial real estate in the Netherlands and were reported to invest an additional € 500 mln to € 1.0 bln annually for the next few years.
(source: PropertyNl)
