2010

04 Mar 2010

VGP achieves record growth

Occupancy rate and rent prices remaining stable

• 14 new projects completed resulting in a 52.4% growth in total lettable area (+ 184,211m²) to 535,872m²
• 80.5% growth in gross rental income (+ EUR 9.7 million) to EUR 21.7 million
• 110.2% growth in operating result (before result on portfolio) (+ EUR 9.3 million) to EUR 17.8 million
• Committed annualised rent income increased to EUR 29.2 million
• Net profit for the period of EUR 1.2 million despite a EUR 22.6 million adverse valuation effect on the "historic" property portfolio