EuroCommerc. Half year results.

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Algemeen advies 12/02/2016 08:21
The direct investment result for the six months to 31 December 2015 rose
14% compared to the previous corresponding period, lifted by acquisitions
and lower interest costs. Uplifts on renewals and relettings averaged 11%
but overall like for like rental growth was 0.7%. Property valuations
increased by 6% overall, with increases in all three countries. Adjusted net
asset value, as a result, rose by 11.1% to €40.49 per depositary receipt.
During the six month period, Eurocommercial completed the acquisition of
three important shopping centres in Italy and Sweden – Fiordaliso in
Milan, Collestrada in Perugia and Bergvik in Karlstad. The Company also
expects to complete the acquisition of the 15,800m2
hypermarket and 9,000m2 of gallery shops at I Gigli at the end of April.

see and read more on
http://hugin.info/133644/R/1985766/728347.pdf

't was heel moeilijk gestroomlijnd over te nemen.



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