Contributed By DLA Piper Nederland N.V.
The main source of private real estate law is the Civil Code (Burgerlijk Wetboek). The main sources of public real estate law are the Spatial Planning Act (Wet op de Ruimtelijke Ordening) and the Environmental Permitting (General Provisions) Act (Wet algemene bepalingen omgevingsrecht).
The main trends have been the growing share of investment in the Dutch real estate market by foreign investors, the expansion of the logistics and residential sector, as well as a focus on intelligent energy-efficient buildings. The total investment volume was a record of EUR19.5 billion.
Significant deals were the sale of the office building known as ‘Atrium’, located at the South-axis, Amsterdam, by Icon Real Estate to Amundi for EUR500 million, the divestment of Hansteen Netherlands B.V.'s Dutch logistics portfolio to a joint venture between Blackstone and M7 Real Estate for a total amount of over EUR300 million and the acquisition of Project Valley by the RJB Group of Companies with a deal value of approximately EUR316 million. Project Valley concerns the development of an iconic building, ‘Valley’, which will be located at a unique location at the South-axis, Amsterdam, and will be fully developed by 2021.
There are currently no proposals for reform that would significantly impact real estate investment, ownership or development, nor are any such proposals being discussed.