Update first quarter 2014

Wereldhave is well on track in achieving its strategic objectives for 2014:

• Occupancy in the shopping centre portfolio improved slightly to 98.5%, particularly due to new lettings in the Netherlands, and is above the targeted 98%.
• Like-for-like rental growth of the retail portfolio is expected to be at least 140 bps above indexation.
• General costs are expected to remain at the targeted € 14m for 2014.

The decline in the direct result from net rental income due to property disposals in 2013 will be more than compensated by acquisitions, the completion of developments and a positive like-for-like rental growth in 2014. For 2014, Wereldhave expects a direct result above the 2013 direct result per share of € 3.30.

For full press release, download the pdf below.