Intervest Offices & Warehouses: Interim statement by the board of directors for the third quarter of 2017
(Thomson Reuters ONE) -
Portfolio investments in line with the strategic growth plan, which is based on
the reorientation of the office portfolio and the expansion of logistics real
estate in Belgium, the Netherlands and Germany.
Acquisition of a second logistics site in the Netherlands, Raamsdonksveer, with
a leasable surface area of 20.500 m².
Allocation of the redevelopment of the Ford site in Genk at 'Genk Green
Logistics' (a joint venture of Intervest with Group Machiels): negotiations for
a contractual agreement with the Flemish government fully under way.
Reorientation of the office portfolio continued by the redevelopment of
Greenhouse BXL with third RE:flex. Construction work on schedule and
commercialisation fully under way.
Greenhouse Antwerp expands service provision by opening Boardroom, a modern,
fully equipped meeting facility with its own catering.
RE:flex displays potential as entry formula: RE:flex user Play4mation becomes
fixed tenant.
Installation of two smart charging plazas for 34 electric cars at Mechelen
Campus.
Ratio of 53% logistics real estate and 47% office buildings as at 30 September
2017.
Occupancy rate 86% as at 30 September 2017 (91% as at 31 December 2016), 97% in
the logistics portfolio, 75% in the office portfolio.
Occupancy rate without taking into account the Greenhouse BXL redevelopment
project: 90% as at 30 September 2017 (90% as at 31 December 2016), 97% in the
logistics portfolio, 83% in the office portfolio.
Decrease in the financing costs: average interest rate for financing amounted to
2,6% in the first nine months of 2017 (3,1% in the first nine months of 2016).
Debt ratio: 46,6% as at 30 September 2017 (45,7% as at 31 December 2016).
EPRA earnings per share: ? 1,14 in the first nine months of 2017 (? 1,30 in the
first nine months of 2016).
Expected EPRA earnings for 2017 between ? 1,50 and ? 1,55 per share, with a
gross dividend of ? 1,40, which amounts to a gross dividend yield of 6,3%.
Full press release:
Interim statement third quarter of 2017:
http://hugin.info/137397/R/2144646/821943.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Intervest Offices & Warehouses NV via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 25.10.2017 - 18:00 Uhr
Sprache: Deutsch
News-ID 565262
Anzahl Zeichen: 2797
contact information:
Town:
Berchem
Kategorie:
Business News
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"Intervest Offices & Warehouses: Interim statement by the board of directors for the third quarter of 2017"
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