Intervest Offices & Warehouses knows an active first semester in 2014:

Prolongation of lease agreements for 16 % of the total annual rental income of the property investment fund, among which those with three important tenants (HP Belgium, Nike Europe and CEVA Logistics).

Occupancy rate: 85 % on 30 June 2014; the occupancy rate of the office portfolio has increased in the first semester of 2014 by 1 % to 83 %, the one of the logistic portfolio amounts to 90 % on 30 June 2014.

Turn-key solutions: realisation of 2.700 m² for Cochlear at Mechelen Campus in progress.

Sale of a non-strategic building (0,5 % of the real estate portfolio).

Decrease in fair value of the existing real estate portfolio by 0,4 %.

Operating distributable result per share: € 0,78 in the first semester of 2014 (€ 0,85 in the first semester of 2013).

Successful private placement of bonds for € 60 million with a term of 5 and 7 years.

Optional dividend: 42,75 % of the shareholders has chosen for shares.

Debt ratio: 49,8 %.

Pay-out ratio of dividend of 90 %.

Expected gross dividend 2014 between € 1,33 and € 1,42 per share (€ 1,53 for financial year 2013).

For the entire half-yearly financial report 2014, please click on the pdf:


Press release


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Intervest Offices & Warehouses NV via Globenewswire
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