Announcement of a solid growth plan towards a real estate portfolio of € 800 million over the next three years, based on reorientation in the office portfolio and the further expansion of logistics real estate. Logistics real estate can be located in Belgium, The Netherlands as well as in Germany. Portfolio reshuffle started through divestment of four office buildings and one semi-industrial building in the Brussels periphery. Expansion on the Intercity Business Park in Mechelen by the purchase of two strategically located buildings. Opening of Greenhouse Antwerp with 2nd RE:flex, an office building geared to the new way of working, with a green façade, trendy meeting facilities and the Greenhouse Café. Agreement for the building of new distribution centre of 12.200 m² on Herentals Logistics 3 site. Proportion of 51% of logistics real estate and 49% office buildings as at 31 December 2016 (49% and 51% respectively at the end of 2015). Occupancy rate improvement: 91% as at 31 December 2016 (90% as at 31 December 2015); the occupancy rate of the office portfolio increased by 1% in 2016 to 86%, while the occupancy rate of the logistics portfolio also increased by 1% to 96%. 50 lease agreements concluded or prolonged, representing 24% of the rental income, activity mainly in the logistics portfolio. EPRA earnings amounted to € 1,73 per share in 2016 (€ 1,90 in 2015). The gross dividend in accordance with the strategy announced was € 1,40 per share for financial year 2016, as a result of which, according to the closing share price as at 31 December 2016, it results in a gross dividend yield of 5,9% (€ 1,71 for 2015). The pay-out ratio of the dividend is 81% in 2016 (90% for 2015). As at 31 December 2016, the fair value of the total real estate portfolio amounted to € 611 million. The fair value of the existing real estate portfolio (excluding acquisitions and divestment) increased in 2016 by 0,4%. The logistics segment recorded a 1,2%increase in value, whereas the office segment depreciated by 0,6%. Strengthening of the shareholders' equity by € 11,6 million through the optional dividend, with 57% of shareholders choosing shares. Debt ratio: 45,7% as at 31 December 2016 (48,2% as at 31 December 2015). Average interest rate of the financing: 3,1% in 2016 (3,5% in 2015); only 4% of the credit lines need to be refinanced in 2017. As of 1 August Jean-Paul Sols, ceo and Inge Tas, cfo are entirely and exclusively dedicated to Intervest.
Attachments:Intervest Offices & Warehouses NV: Annual results 2016
Top 10 Most Recent News Articles
CSS Revamps Identity, Emphasizing Senior Living Tech
CSS Takes a Bold Step with a Fresh Brand Identity Every now and then, you see a company shake off the old coat and put on a polished new one. That's what CSS is doing with its updated brand, staking its claim as a heavyweight tech player in the senior living sector. No small feat, given the challenges stacked against these aging communities—tasked with keeping...
Continue Reading
BMAP Expands: Bridging Borders in Legal Advocacy
Breaking Down BMAP's Unique Approach Just when you thought you've seen it all, along comes LMU Loyola Law School swinging the doors wide open with their Binational Migrant Advocacy Project, or as we’re affectionately calling it, BMAP. It's a mouthful, sure, but ain't it something? This project isn't just another feather in academia's cap—it's a relentless counterpunch...
Continue Reading
Perk's U.S. Expansion: A Bold Move in Spend Control
Perk Aims for U.S. Growth: Will It Pay Off? Amidst the cacophony of market chatter, Perk's announcement to bring its spend platform stateside is echoing louder than usual. This move is not just another step in its expansion but rather a leap considering the competition and market needs. In Europe, where they've already captured a chunk of the market with their Travel and...
Continue Reading
Lumicell Expands LumiSystem in Breast Cancer Surgery
Innovation in Breast Cancer Surgery: A Real-World Game Changer? You’ve got your flashlight guiding a scared child through the dark, and in the healthcare world, Lumicell is promising to do just that for surgeons navigating the tricky maze of breast cancer surgery. Their LumiSystem is making waves in breast-conserving surgery—new kid on the block with a real chance at...
Continue Reading
NOAA Taps ICEYE US for Game-Changing SAR Satellite Data
The Strategic Move to SAR Data Imagine this: You’re in the thick of a hurricane, where visibility goes out the window, and traditional satellite data chokes under the crushing weight of clouds and nightfall. That's the precise chaos ICEYE US is cutting through with its Synthetic Aperture Radar (SAR) technology. The latest scuttlebutt is that NOAA's getting cozy with...
Continue Reading
TWP & Commbi Unveil Exclusive Pony Clog Collaboration
A Fusion of Fashion and Functionality Walk down the streets of New York or hustle your way through an airport without worrying about your footwear weighing you down. That's the promise coming from the fresh alliance between TWP and Commbi with their new Pony Clog Collaboration. A blend of high fashion and everyday utility, these clogs aren't just keeping up with the...
Continue Reading
Alcott HR's Sales Strategy Gets a Boost with New Hire
Alcott HR Ramps Up Sales Firepower Now here's something fresh from the world of human resources outsourcing—Alcott HR has grabbed a new ace for their sales team. Eldin Radoncic is the name you'll want to remember, folks, because he's diving headfirst into the Director of Sales seat at this IRS Certified and ESAC Accredited player based out in good old Farmingdale, New...
Continue Reading
RxWellness Hits Inc. 5000—Four Straight Wins Impress
RxWellness Spine & Health Continues to Impress Well, not many companies can boast about snagging a spot on the Inc. 5000 list four years in a row, but here we are with RxWellness Spine & Health doing just that. Sitting pretty at No. 1,230 nationally—and that's no small feat—these folks are making waves in the healthcare industry. Securing the No. 135 spot in...
Continue Reading
Robotics in Cleaning: 2026 Sees Double Adoption Rates
Cleaning Industry Eyes Robotic Solutions Amid Labor Squeeze In a twist that's got industry veterans nodding knowingly, the cleaning industry is tipping towards automation. The recent 2026 Building Service Contractor Market Study reveals a massive leap: 32% of building service contractors (BSCs) plan to embrace robotic floor equipment in the coming year. That's a...
Continue Reading
Citrine Finalizes Sale of Illinois Senior Living Asset
Citrine's Strategic Exit from River Glen Every now and then, you see a company pull off something that makes you nod and say, "That was smart." Citrine Investment Group's sale of River Glen of St. Charles fits that bill. For those keeping tabs, this wasn't some quick flip—Citrine worked on the rock for a good while before cashing in. They secured River Glen back in...
Continue ReadingTop 5 Most Recently Viewed Articles
Market Overview: Notable Stocks Dip Ahead of Trading
Market Trends Impacting Major Stocks This morning, the U.S. stock futures displayed mixed signals, with the Dow futures taking a step back, dropping around 50 points. Baidu's Market Performance Baidu, Inc. (NASDAQ: BIDU) experienced a significant decline during the pre-market hours, with shares falling by 2.6% to $101.08. This downturn follows disappointing response to...
Continue Reading
XPLR Infrastructure Investors: Important Class Action Update
Class Action Lawsuit for XPLR Infrastructure Investors Attention to all investors who purchased units of XPLR Infrastructure, LP, formerly known as NextEra Energy Partners, LP (NYSE: XIFR). Recently, a significant class action lawsuit has been initiated by Wolf Haldenstein Adler Freeman & Herz LLP. This legal action concerns individuals and entities who have experienced...
Continue Reading
Atos Partners with Invictus Games for a Transformative Experience
Atos Partners with Invictus Games for a Transformative Experience Atos, recognized as a leader in digital transformation, has been appointed as the Official Technology Partner for the Invictus Games Vancouver Whistler 2025. This exciting partnership signifies a commitment to providing advanced Timing, Results, and Scoring Solutions to enhance the games slated for...
Continue Reading
California Water Service Group Addresses Rate Increase Proposal
Significant Water Rate Adjustment Initiative by California Water Service In a recent step to enhance the quality of water service, California Water Service Group's subsidiary Washington Water Service has approached the Washington Utilities and Transportation Commission to request an increase in water rates. This decision comes in light of the company’s investment of...
Continue Reading
Provident Industrial Completes Sale of Key Logistics Facility
Provident Industrial Sells Building III at Gateway Logistics Park Provident Industrial, a division of Dallas-based Provident, has finalized the sale of Building III at Gateway Logistics Park. The buyer is EQT Exeter, a global real estate firm with a wide-ranging portfolio that spans logistics, industrial, and residential assets across multiple continents. The transaction...
Continue Reading