Wereldhave reports soft 1H18 figures
Wereldhave, the Dutch real estate investment company with a €3.8bn portfolio, has reported soft 1H18 results. Gross rental incomedecreased by 2.2% yoy to€111m, mainly on the back of some disposals and partially offset by new developments taken into operations. The LFL net rental income was broadly stable in Finland and the Netherlands, while it contracted in France and Belgium
Wereldhave is an independent international property investment company. Co. is principally involved in leasing out investment property under operating leases. Co.'s activities are spread over four property sectors and across six European countries - the Netherlands, Belgium, Finland, France, Spain and the United Kingdom - and three regions in the United States. Co. creates value by actively managing shopping centres, through sound timing in the purchase and sale of offices and residential property, and by developing its own property at cost. Co. is a closed-end investment company with variable capital.
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