Vastned Retail Belgium : Interim statement from the board of directors for the first quarter of 2015
(Thomson Reuters ONE) -
Focus on premium city high street shops strategy continues to be primary theme
in activities.
Acquisition of a premium city high street shop on Schuttershofstraat in Antwerp
for an investment amount of ? 4 million.
Start of prominent redevelopment and thorough restoration of a premium city high
street shop of 3.000 m2 on Zonnestraat in Ghent.
Divestment of a non-strategic shop in Bruges.
As at 31 March 2015, 50% of the real estate portfolio consists of premium city
high street shops, 18% of high street shops and 32% of other retail property
(retail parks and retail warehouses).
Realisation of 6 rental transactions representing approximately 4% of the total
annual rental income, resulting in average rental growth of 29%.
Occupancy rate as at 31 March 2015: 96% (98% as at 31 December 2014). The
occupancy rate of the premium city high street shops remains stable at 100%
compared to the end of 2014.
Increase in fair value by ? 4 million or approximately 1% of the existing real
estate portfolio in the first quarter of 2015, mainly as a result of the
stronger yields of the premium city high street shops in the larger cities.
Decrease of the operating distributable result in the first quarter of 2015 to ?
0,64 per share (? 0,67 for the first quarter of 2014) due to the divestment in
2014 of 19 non-strategic shops.
Limited debt ratio of 31% as at 31 March 2015.
Full press release:
Press release:
http://hugin.info/137399/R/1918570/686597.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Vastned Retail Belgium via GlobeNewswire
[HUG#1918570]
Unternehmensinformation / Kurzprofil:
Datum: 05.05.2015 - 08:01 Uhr
Sprache: Deutsch
News-ID 390780
Anzahl Zeichen: 2239
contact information:
Town:
Berchem
Kategorie:
Business News
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"Vastned Retail Belgium : Interim statement from the board of directors for the first quarter of 2015"
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