As one of the most open economies of Europe, the Netherlands could not remain unscathed by the global economic and financial crisis.
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The theoretical rent of the Dutch retail portfolio fell 0.9% to € 137.4 m. The first full year of operation of Pieter Vreedeplein in Tilburg as well as the reopening of Cassandraplein in Eindhoven and De Mare in Alkmaar balanced the effects of the disposal of a number of small retail projects in 2008 and 2009.
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In general, footfall in the Dutch shopping centres has remained stable over the past few years.
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The total pipeline in the Netherlands amounts to € 1.0 billion (2008: € 940 million), of which € 121.8 million (2008: € 127.8 million) has been invested.
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