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The real estate portfolio of Intervest Offices & Warehouses has expanded in 2011 by 10 % through investments of € 52 million in four logistic sites. In 2011, the property investment fund has changed its name in "Intervest Offices & Warehouses" to emphasize the importance of its logistic portfolio. The property investment fund has concluded important rental contracts in 2011, with, among others, Biocartis, Galapagos and Nike Europe. In 2011, the fair value of the real estate portfolio has increased by approximately 1 % (excluding investments of financial year 2011) compared to a decrease of 1,6 % in 2010. The total occupancy rate of Intervest Offices & Warehouses has improved in 2011 by 1 % and amounts to 86 %. For the logistic portfolio the occupancy rate has increased from 84 % to 91 % on 31 December 2011. The gross dividend of Intervest Offices & Warehouses amounts to € 1,73 per share in 2011 (€ 1,83 in 2010). In 2012 and 2013, Intervest Offices & Warehouses has no important refinancing of its credit facilities. Click on the pdf for the complete text of the annual results 2011:
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Source: Intervest Offices NV via Thomson Reuters ONE
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