The results for the period reflect both a number of accounting adjustments on participations (in various directions) and positive perspectives coming from new developments that are in progress.
On the activity side, the main events during the past half-year were:
- the renegotiation of long term lease agreements with existing tenants in France (Corvettes -Paris) and in Belgium (Diamond and Alma Court - Brussels).
- the signing of a new "built-to-suit" operation for 6,500 sqm in Brussels for the Group Marsh and McLennan Companies.
- two sale operations in France (Eragny) and Belgium (Kontich).
- At City Mall, the building permit for the shopping centre project in Verviers became enforceable.
The financial statements also include non-recurring elements relating to a capital gain of € 10.5 Mio following the deconsolidation of the Montea participation and to a value reduction of €8.44 Mio made on the participation in the projects of City Mall.
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