Significant rise in rental income despite challenging market
conditions>
Significant rise in rental income despite challenging market conditions
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Significantly higher rental income thanks to expansion (Tivonaintegration and new openings)Real Estate Segment rental income for the first six months of 2009rose by CHF 15.6 million to CHF 96.5 million, 19.3% higher than theprior year period.This includes rental income from the Tivona properties as of fullintegration per end of February 2009. During the period under reviewthe St. Gall Shopping Arena opened in March 2008 and Thônex (Geneva)district shopping center opened in September 2008 contributed fullrental incomes for the first time.Adjusted for these expansion effects, the comparable rise in rentalincome as against the prior year period is 1.8%. Vacant floor areasremained at a consistently low level. As before, roughly 5% of totalrental income is attributable to turnover-linked rentals.Slightly lower retail turnovers in challenging market conditionsDue to rather challenging market conditions, Retail Segment turnover(House of Brands, with unchanged sales floor areas, Geneva hoteloperations) amounting to CHF 80.8 million was 5.1% lower than thevery successful prior year period.Overall turnover for the entire House of Brands (Jelmoli Zurichshopping center) amounting to CHF 153 million, including third-partytenants, declined slightly by 5.4% compared with the excellent prioryear level.Rental income / retail turnover for the first half of 2009+------------------------------------------------------------------+| Key figures in million | 2009 | 2008 | Change from prior year || CHF | | | effective comparable ||-------------------------------+------+---------------------------|| Rental income | 96.5 | 80.9 | 19.3 % | 1.8 % | * || Real Estate Segment | | | | | ||------------------------------------------------------------------|| ||------------------------------------------------------------------|| Turnover | 80.8 | 85.1 | (5.1) % | (5.2) % | || Retail Segment | | | | | |+------------------------------------------------------------------+* St. Gall shopping arena opening per end of 1st quarter 2008Geneva (Thônex) shopping center opening in 3rd quarter 2008Full integration of Tivona per end of February 2009Contact personsMedia: Dr. Daniel Gfeller, Secretary General Tel. +41 (0)44 220 42 29 Fax +41 (0)44 220 40 10Analysts: Markus Meier, CFO Tel. +41 (0)44 220 47 80 Fax +41 (0)44 220 40 10Internet: www.jelmoliholding.ch / www.huginonline.ch/JELWAP-mobile: wap.huginonline.com (Press Releases Jelmoli)E-mail: info(at)jelmoliholding.chhttp://hugin.info/100248/R/1328567/313265.pdf --- End of Message ---Jelmoli-----------------------------------------
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St. Annagasse 18 Zürich WKN: 851225; ISIN: CH0000668464; Index: SMCI, SPI, SPIEX;Listed: Main Market in SIX Swiss Exchange;
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Datum: 14.07.2009 - 07:00 Uhr
Sprache: Deutsch
News-ID 3516
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