Regulated information
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).