Q1 2014 Trading update

Vastned's premium city strategy improves occupancy rate

Key points Q1 2014:

- Occupancy rate increases from 94.0% year-end 2013 to 96.5% as of 31 March 2014 (premium  city high street shops: 99.1%)

- Vastned signed 31 leases in Q1 representing € 2.2 million

- Disposal of Spanish shopping centres/galleries successfully finalised

- (Other) divestments in Q1 2014: € 48.7 million

- Vastned increases the share of non-bank financing through successful placement of €110  million convertible bond 


About Vastned

Vastned is a listed European retail property fund focusing on venues for premium shopping. Vastned invests in selected cities in Europe and Turkey, premium cities, with a clear focus on the best retail property in the most popular shopping streets (high streets). Vastned's tenants are strong and leading international and national retail brands. The property portfolio has a size of approximately € 1.5 billion.