The results for the period reflect both positive perspectives ensuing from new built-to-suit developments in progress and new lettings; as well as a number of accounting adjustments (non cash) on the participation in City Mall.
On the activity side, the main events during the past half-year were:
- The letting and the delivery of the Galerie Bagatelle in Suresnes (5,300 sqm) and the letting of more than 1,900 sqm in the office portfolio in Belgium.
- The sale of a company owning an office building currently under development in Belgium (Brussels) for a transactional value of €23.2 million and generating a capital gain, booked for an amount of €1.1 million in the accounts of this half year. The balance will be accounted for progressively in line with the completion of the works.
- Start of the development of a new "built-to-suit" for BNP Paribas Fortis in Charleroi (8,000 sqm) will a delivery scheduled in the second half year of 2015 .
- The acquisition of different plots of land in order to widen the landbank allowing the development of new built-to-suit projects.
- An additional provision on City Mall leading to an accounting loss.
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