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20 Contingent liabilities and assets

As at 31 December 2015, the Fund had unprovisioned contractual obligations for future repairs and maintenance of € 3.2 million (2014: € 3.2 million). The total future commitments as at 31 December 2015 amounted to nil (2014: € 5.4 million).

The Fund has a contractual agreement with Bouwinvest for an indefinite period in which it has to pay a management fee, based on the net asset value. The notice period is two years.

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