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
The acquisitions made in 2015 contributed to the growth of the real estate portfolio and the positive movement in the operating results. In 2015 Qrf succeeded in increasing its net current result per share by 6.7% to 1.49 EUR. It also raised the gross dividend to 1.32 EUR per share.More info
We are pleased to announce the creation of the BE-REIT Association. This professional association was founded by all Belgian Regulated Real Estate Companies (also known as Belgian Real Estate Investment Trusts). Its purpose is to represent and promote the interests of the Belgian REIT sector towards various stakeholders. This sector is represented by 17 publicly listed operational property companies that contribute to the economy whilst at the same time offering to investors an opportunity to invest indirectly in real estate through the stock market.More info