Strong Q1 Leasing Performance
Signed 165,000 square meters of new leasing contracts across all segments and countries. Demonstrated strong demand for logistics real estate with more than 150,000 square meters of new leases and over 300 million investments secured.
High Pre-letting Rate and Funded Pipeline
Pipeline of €800 million is more than 80% pre-let with an NOI yield of 6.7%. The pipeline is fully funded and balance sheet neutral.
Positive Retention and Occupancy Rates
Retention rate increased to 80% from a normal 65%, indicating early signs of recovery. Expected occupancy rate to stabilize at 97% with potential upside.
Successful New Developments
Secured more than 300 million new deals, including a significant deal with KDL in Lokeren, providing comprehensive solutions.
10% Rent Reversion on Existing Portfolio
Achieved average rent increases of 10% in the existing portfolio.