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.