Qrf City Retail, the specialist in inner-city retail property, has reached an agreement regarding the acquisition of two retail premises on top locations in Antwerp (Schuttershofstraat 53 and Wapper 14-16). The investment value of the properties amounts to 7,7 MEUR in total. The assets, which are fully let to Karl Lagerfeld (Schuttershofstraat) and Royce' (Wapper), generate an annual rental income of 356 KEUR.
As a result of this transaction, the real estate portfolio reaches a Fair Value of more than 250 MEUR in three years time. The share of inner-city real estate grows to take 85% of the real estate portfolio.More info
Qrf’s real estate portfolio continued to expand in the first half of 2016 and reached a Fair Value of 245 MEUR. More than 70% of the portfolio is located in 10 major cities in Belgium. Supported by the expansion of the portfolio, the net current result increased by 5.3% in the first half of 2016 to 0.81 EUR per share. On this basis, Qrf expects a gross dividend of 1.32 EUR – 1.34 EUR per share for 2016.More info
Qrf, the specialist in inner-city retail property, has reached an agreement to acquire 100% of the shares in RIGS NV, which owns a retail property located at Hasselt, Demerstraat 21-25. The investment value of the property amounts to 27.8 MEUR. The property is fully let to H&M and The Sting and generates 1,374 KEUR in annual rental income.
This transaction lifts the Fair Value of the Qrf portfolio to approximately 245 MEUR and increases the proportion of inner-city property within the portfolio to 84%.More info