Zuidas Amsterdam

Zuidas Amsterdam
Investing in the Netherlands
London, 7th of September
Mr Robert Dijckmeester
Dept. managing director Zuidas Amsterdam
Zuidas
Zuidas Prime
Location in the
Netherlands*
 public authorities invest
€ 2 milliard
in infrastructure

*JLL 2012, 2013, 2014.
112
Zuidas Amsterdam
Strategically located between Schiphol Airport and Amsterdam
City Centre
Zuidas
Location
In Amsterdam
114
Zuidas
Zuidas
Amsterdam
centre of the
region
 Top 5 European Area
 Population of 2.2 million
 Good demographic
growth
Location is
Link between
Schiphol Airport
and the
historical city
 Next to the airport
 7 train minutes
away of the 4th
largest airport in
Europe
Zuidas: wonen, werken en
recreëren
Under
construction in
2015
 About 200.000 m²
 Mix of residential and
offices (more residential
than office)
117
Zuidas: wonen, werken en
recreëren
50% realised of
development
program
 More and more mixed
use area
118
Zuidas identity,
why invest
 Prime location
 International
endusers (60%)
 High density
 Mixed use
 Still space for
development
Zuidas: wonen, werken en
recreëren
Also




Liveliness
Quality of live
Accesible
Sustainable
120
121
Zuidas: wonen, werken en
recreëren
Investments in
redevellopment
 The New Atrium (Icon)
 National Lottery
building
 The State invest in
redeveloping new
courthouse
The New Atrium
Zuidas
nowadays 2015
 About 750.000 m2
office developed
 About 1.450
appartments
 Hospital
 University
 RAI Exhibition centre
 Railway station in the
heart
 Direct on the highway
 Green surroundings
> PRIME LOCATION
Zuidas
Still growing
 7 minutes by train to the
International airport
 Station Amsterdam
Zuid in the heart of
Zuidas area.
 Highway and city
location
 State, region and city
invest in infrastructure
for about € 2 billion
 Great demand for
offices and residential
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Zuidas
Facts & Figures
Today

700 companies
 30.000 jobs in Zuidas
 20.000 students
 75.000 travellers a day
 1.800 residents
2030-2040
 60.000 jobs
 40.000 students
 225.000 travellers a day
 14.000 residents
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Zuidas
Land ownership
 Municipality in
Amsterdam owns the
land
 Leasehold system
 One stop shopping
125
Zuidas
Stable political
climate
 National
 Local
 Social support
126
Office market
The Dutch office market tends to be concentrated
 Both national and international firms tend to concentrate in the Amsterdam
Metropolitan Area
 This concentration widens the gap between vacancy rates, prices and yields:
•
Zuidas vacancy rate (about 8 % JLL 2015) are declining whereas Dutch vacancy rates are
generally increasing
•
There is a regional approach to decline office vacancy
•
Amsterdam (Zuidas) rents have consistently been the highest in the Netherlands
•
Yields vary between cities and prime yields are relatively stable
129
Firms tend to concentrate in the Amsterdam
Metropolitan Area
Recent head office relocations
 Within the Netherlands, there is a concentration
towards the best performing areas
Amsterdam
 Reasons for this concentration are:
Proximity to Schiphol Airport
Proximity to qualified staff
More international allure towards clients
Near universities and knowledge centres
Outstanding International Image
Major triple A brands
Outstanding International Image
Public transport station right in the centre of Zuidas
Amsterdam Schiphol Airport
(6 minutes)
Amsterdam
Zuidas
Frankfurt (5x, 3:00 hour)
Berlin (5x, 6:30 hour)
Brussels (8x, 1:54 hour)
London (14x, 4:50 hour)
Paris (10x, 3:19 hour)
Lyon (9x, 6:15 hour)
Dienst Zuidas
Last trends
Vacancy rate (JLL 01.01.14) about 6,5 %
Deals by German investors, Deka and Union
Deals by German investors, Deka Imm and Union
Residential market
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Figure 14 Breakdown of Dutch housing
market
Homeownership the Netherlands
# of dwellings: 7.2m
# of dwellings: 2.9m
17.5%
40.0%
60.0%
82.5%
Rental
Owner-occupier
Corporations
Private & Institutional
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Homeownership Amsterdam
# of dwellings: 397,022
# of dwellings: 285,682
28.0%
35.9%
64.1%
72.0%
Rental
Owner-occupier
Corporations / Social
Private & Institutional
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Strong demand for mid segment
Rent development 2008 – 2013 Q2
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110
105
100
95
90
85
80
2008
Q1
2009
Q1
2010
Q1
2011
Q1
€600-800
€1000-1200
€800-1000
>€1200
2012
Q1
2013
Q1
New residential development mid
segment
Zuidas
Living in Zuidas
 Living is in new development,
close to city, close to the
green
 Nowadays: 650 appartments,
800 student appartments
 2020: 3.000 appartments
 2040: 8.000 appartments
 Zuidas one of the biggest
new development locations
for housing in Amsterdam
137
Zuidas
Example new
residential
development
 47 appartments for sale
 80 appartments for rent
138
Zuidas: wonen, werken en
recreëren
Lot of demand
for appartments
 Few locations available
at this moment
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Why Zuidas is a
succes?
 Market players have
discoverd the value
of the location
 Distance to the
airport
 Coorporation public
and market players
 Top end users
 Mix use