Retail sector boosts netherlands commercial property

Tbe Amsterdam skyline Photo: MartijnDevalk

In the first months of this year, over €600 million has been transacted in the retail investment market, according to Savills' latest report, already rivalling the €615 million total recorded in 2013. Now, the report forecasts investment in commercial property market to reach up to €4 billion, up from the €3.4 billion overall investment turnover in the Netherlands last year.

Clive Pritchard, head of Savills in the Netherlands, says: “Interest in Dutch real estate has significantly increased over the past 12 months, both from overseas and domestic buyers. The prime office investment market in Amsterdam was particularly strong in 2013, however as available supply diminishes, we expect buyers to turn increasingly towards prime assets in the other major cities and non-core offices in the capital.”