Strategic reorientation of the portfolio continued a.o. through divestments of offices in Belgium, and further growth to retail/logistics and further geographical diversification
Canal Logistics phase 1 and 2 nearly entirely let
Increase of dividend to 4.15 euro gross per share
- Offices part of portfolio (based on fair value) further drops to 54% (of which the largest part 27.4% is located in Grand Duchy of Luxembourg) due to the sale of the building in Zwijndrecht (Antwerp);
- Net result (group share) and Net current result (excl. Portfolio result and the changes in the fair value of the ineffective hedges ) evolve well in a challenging office market: respectively 3.15 euro per share (31/12/10: 3.57 euro) and 4.77 per share (31/12/10: 5.50 euro);
- Revalued net asset value (based on fair value of the real estate) per share: 65.51 euro (31/12/10: 68.92 euro) mainly as a consequence of important negative impact of the fair value on the effective hedges;
- Occupancy rate remains high: 92.57% (31/12/10: 97.45%);
- Renovated office building The Crescent let for nearly 50%.
Click on the link below for the full version of the press release.
Leasinvest RE year results 2011 (http://hugin.info/134797/R/1586847/497572.pdf)
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(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: Leasinvest Real Estate Comm. VA via Thomson Reuters ONE
The owner of this announcement warrants that:
(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: Leasinvest Real Estate Comm. VA via Thomson Reuters ONE
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