CEO Maarten Hulshoff: "Rodamco Europe's strategy to focus on top quality retail in dominant locations in its key markets, whilst further emphasizing the management of our retail properties, continues to contribute to solid and positive results.
The upward revision in valuations continues due to strong investor demand in retail property and the high quality of Rodamco Europe's investment portfolio. The latter is also confirmed by our stable and high occupancy rates.
Rodamco Europe's strong local organizations and our total pipeline project portfolio of €1.8 billion (€ 0.9 billion committed) offer a stable platform for further growth. This is expected to accelerate somewhat in the second half of 2005 due to the acquisition of 'Stadshart Amstelveen' and pipeline projects coming into operation.
The rental growth potential from the current investment and committed pipeline portfolio coming into operation can be estimated at a total of 19% over the next few years."
The rental growth potential from the current investment and committed pipeline portfolio coming into operation can be estimated at a total of 19% over the next few years."
