EUROCOMMERCIAL PROPERTIES N.V. YEAR END RESULTS 2018/19

During the 12-month period, 248 leases were renewed or relet in Eurocommercial’s centres, resulting in an average uplift in minimum guaranteed rent for those shops of 8.9%. The like-for-like (same floor area) rents of all Eurocommercial’s galleries increased by 2.1% overall at 30 June 2019, when compared with 30 June 2018, driven mainly by indexation and relettings/renewals. Rental growth for the year in France and Sweden was strong at 2.9% for both countries. In Italy, rental growth was 1.9%. In Belgium, it was slightly negative at -0.5%.