TY - UNPB Y1 - 2022/// A1 - Penders, Geoffrey C.E. UR - https://frw.studenttheses.ub.rug.nl/3940/ EP - 53 TI - Investors' willingness to pay for offices in multifunctional buildings with a Dutch owners' association (VvE). AV - public N2 - The purpose of this research is to determine how multifunctional office buildings with an owners? association affect the investment value of office real estate in the Dutch Randstad area. It is explained why an owners? association places restriction on investing in office real estate based on Dutch apartment law. This study used unique data from 283 office real estate transactions in the Netherlands from 2011 to 2021. Hedonic modeling techniques are used. According to the findings of this study, investors pay 11.84% less for offices within an owners? association when compared to single owned, monofunctional office buildings. Furthermore, the investor?s origin makes no difference in the price that investors are willing to pay for offices with an owners? association. M1 - master ID - theses_frw3940 ER -