First transformation strategy in European Retail Real Estate
Outlook 2020 EPRA EPS re-installed at €1.70 to € 1.90
Strong footfall recovery points to relative resilience
Rent collection at 59%(BE: 60%, FR 34%, NL 72%) for Q2 & negotiations on crisis agreements still ongoing
Transformation of Dutch retail started. Mixed-use in portfolio increases from 9.4% to 10.1% (2025 target >25%)
Unlocking potential of €1.50 to € 1.75 in NAV per share through the launch of the residential strategy – Underpinned by active development of two projects
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