Dutch shopping centre specialist Eurocommercial has closed the 201112 financial year with a 3% increase in rents across its malls.
Vacancies and rent arrears were below 1% while turnover decreased by 1.5%. Values within the company’s portfolio grew slightly in Sweden and France but decreased in Italy.
Direct investment results were up by 3.5% to €79.5m.
Eurocommercial said in a note that it intended to continue its presence in its current three markets France, Sweden and northern Italy and that it would maintain or increase dividends through intensive management of its assets, the acquisition of new properties and disposals.
