Vastned Retail Belgium : Interim statement of the board of directors as at 30 September 2015 on the third quarter of financial year 2015
(Thomson Reuters ONE) -
Strategic focus on premium city high street shops continues to be primary theme
in activities.
Acquisition of two premium city high street shops in the centre of Antwerp: a
high class building located at Graanmarkt 13 for an investment sum of about ?
6 million and the characterful number 55 on the Schutterhofstraat for
approximately ? 5 million.
As at 30 September 2015, 53% of the real estate portfolio consisted of premium
city high street shops, 17% of high street shops and 30% of non-high street
shops (retail parks and retail warehouses).
Occupancy rate as at 30 September 2015: 96% (98% as at 31 December 2014).
Increase in fair value by approximately 1% of the existing real estate portfolio
in the first nine months of 2015, mainly as a result of the stronger yields of
the premium city high street shops in the larger cities.
Decrease in the operating distributable result in the first nine months of 2015
to ? 1,86 per share (? 2,02 for first nine months of 2014), primarily due to
lower rental income as a result of the divestment in 2014 of 19 non-strategic
properties, approximately 12% of the real estate portfolio.
Limited debt ratio of 34% as at 30 September 2015.
Expected gross dividend for 2015 between ? 2,44 and ? 2,49 per share.
The registered office and operational activities moved to Sky Building at number
66 on the Uitbreidingstraat in Berchem (Antwerp).
Full press release
Press release:
http://hugin.info/137399/R/1961515/715259.pdf
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originality of the information contained therein.
Source: Vastned Retail Belgium via GlobeNewswire
[HUG#1961515]
Unternehmensinformation / Kurzprofil:
Datum: 27.10.2015 - 08:01 Uhr
Sprache: Deutsch
News-ID 429581
Anzahl Zeichen: 2236
contact information:
Town:
Berchem
Kategorie:
Business News
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"Vastned Retail Belgium : Interim statement of the board of directors as at 30 September 2015 on the third quarter of financial year 2015"
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