Press release
21 July 2020, 07:00 AM CEST
First transformation strategy in
European Retail Real Estate
Key items
- Outlook 2020 EPRA EPS re-installed at € 1.70 to € 1.90
- Strong footfall recovery points to relative resilience
- Rent collection at 59% (BE: 60%, FR 34%, NL 72%) for Q2 & negotiations on crisis agreements still ongoing
- Transformation of Dutch retail started. Mixed-use in portfolio increases from 9.4% to 10.1% (2025 target >25%)
- Unlocking potential of €1.50 to € 1.75 in NAV per share through the launch of the residential strategy – Underpinned by active development of two projects