Half-yearly financial report 2023

03-08-2023
Half-yearly reports

H1 2023 update

  • Logistics share of portfolio increases to 75%
  • Divestment of two office buildings on the outskirts of Brussels
  • Increase in fair value of total property portfolio of € 61 million or 5% of total property portfolio
  • Positive revaluation of total portfolio of € 8.9 million
  • Increase in total occupancy rate by 3%-points to 93%
  • Organic rental growth amounts to 18.5%;Like-for-like rental growth amounts to 8%
  • EPRA result amounts to € 20.1 million
  • Increase debt coverage ratio to 84%

Focus areas 2023 - 2025 

  • Accelerate office sales
  • Strengthen balance sheet position
  • Organic growth thanks to strong pipeline
  • Optimal platform for pure logistics real estate player
  • Increased ESG & innovation commitment