Interim statement for first quarter 2023

Press releases
  • Appointment of Joël Gorsele as chief executive officer, who will lead an accelerated execution of the 2023 - 2025 strategy with a continued focus on the logistics segment and intensified asset rotation, within the framework of the ESG ambitions
  • In this strategic transformation of the portfolio, a solid plan is currently being developed that aims to sustainably improve operating margin through rationalization and optimisations, with an organisation aligned to the strategy
  • Confirmation of expected EPRA earnings per share for 2023: € 1,48
  • Acquisition of a strategic logistics production site of 22.200 m² with ancillary land in the Ghent seaport through a sale-and-lease-back transaction with an investment value of € 14,25 million
  • Acquisition of sustainable logistics development potential, 5-hectare site in Saint-Georges-sur-Meuse, near Liège airport, on E42 and Namur-Liège axis 
  • Signing of lease agreement with Nippon Express for new unit of approximately 13.000 m² to be built at Genk Green Logistics; nearly 52% of total site under development or already developed
  • Limited average yield expansion of 23 bp in logistics compensated by higher ERV and constant yield (cap rate) in offices
  • Increase in overall occupancy rate by 2%-points to 92%, as a result of a 3%-point increase in the occupancy rate of the logistics portfolio in Belgium to 99%