Operational objectives achieved:
- New leases and lease renewals concluded for 12,000 sq. m, resulting in a significant increase in the portfolio's overall occupancy rate (82.1%).
- Gradual rebalancing of the portfolio towards retail assets and 'built-to-suit' projects with long-term leases in the offices segment.
- Total proceeds from disposals at €75 million.
- Signing during the year of a new "built-to-suit" development and acquisition of land to build up a high-quality land bank for new developments.
- Expected decrease of net rental income due largely to asset disposals.
Operating result stands at €10.5 million compared with €7.2 million in 2013.
Net current result are positive again, rising to €3.2 million compared with a loss of €4.2 million in 2013.
Significant negative accounting adjustments of €12.5 million, including €8.4 million in relation to the stake in Urbanove (formerly City Mall) result in a net loss of €9.3 million.
Net intrinsic value stands at €10.66.
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