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Intervest Offices & Warehouses NV (PRIF.BR)

PRIF.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Intervest Offices & Warehouses 9-month operating result up at 21.0 million euros​
Wednesday, 25 Oct 2017 12:00pm EDT 

Oct 25 (Reuters) - INTERVEST OFFICES & WAREHOUSES NV ::9M NET RENTAL INCOME EUR ‍​32.0 MILLION VERSUS EUR 34.0 MILLION YEAR AGO.9M OPERATING RESULT EUR ‍ 21.0 MILLION VERSUS EUR 15.5 MILLION YEAR AGO.9M NET RESULT EUR ‍​16.1 MILLION VERSUS EUR 8.8 MILLION YEAR AGO.‍OCCUPANCY RATE 86% AT 30 SEPT 2017 (91% AS AT 31 DECEMBER 2016)​.‍EPRA EARNINGS PER SHARE: EUR 1,14 IN FIRST NINE MONTHS OF 2017 (EUR 1,30 IN FIRST NINE MONTHS OF 2016)​.‍EXPECTED EPRA EARNINGS FOR 2017 BETWEEN EUR 1,50 AND EUR 1,55 PER SHARE​.WILL PROPOSE GROSS DIVIDEND OF EUR 1,40 PER SHARE.GROSS DIVIDEND YIELD WILL BE OF 6.3 PERCENT.FAIR VALUE OF INVESTMENT PROPERTIES AT SEPT 30 EUR 647.6 ‍​ MILLION VERSUS EUR 604.6 MILLION YEAR AGO.  Full Article

Intervest Offices & Warehouses acquires a second site in the Netherlands
Thursday, 10 Aug 2017 12:00pm EDT 

Aug 10 (Reuters) - INTERVEST OFFICES & WAREHOUSES NV ::INTERVEST OFFICES & WAREHOUSES PURSUES ITS INTERNATIONAL GROWTH IN THE LOGISTICS REAL ESTATE SECTOR AND ACQUIRES A SECOND SITE IN THE NETHERLANDS.NEWLY-ACQUIRED DISTRIBUTION CENTRE IN RAAMSDONKSVEER IN NORTH BRABANT HAS A LEASABLE SURFACE AREA OF 20,500 M² ‍​.NEWLY-ACQUIRED DISTRIBUTION CENTRE IS UNDER A LONG-TERM LEASE WITH FURNITURE AND HOME DECORATION RETAILER LEEN BAKKER. ‍​.LEASE AGREEMENT WITH LEEN BAKKER HAS A FIXED TERM UNTIL MID-2031 ‍​.LEASE AGREEMENT WITH LEEN BAKKER GENERATES ANNUAL RENTAL INCOME OF OVER € 1 MILLION FOR INTERVEST‍​.DISTRIBUTION CENTRE WAS ACQUIRED FROM HB CAPITAL FOR A PURCHASE PRICE OF € 14 MILLION.  Full Article

Intervest Offices & Warehouses H1 net profit rises to 8.7 million euros
Thursday, 20 Jul 2017 12:00pm EDT 

July 20 (Reuters) - INTERVEST OFFICES & WAREHOUSES NV ::OCCUPANCY RATE 85% AS AT 30 JUNE 2017 (91% AS AT 31 DECEMBER 2016).DECREASE IN FAIR VALUE OF REAL ESTATE PORTFOLIO IN Q1 OF 2017 BY 0,8%..EPRA EARNINGS PER SHARE: EUR 0,74 IN FIRST SEMESTER OF 2017 (EUR 0,88 IN FIRST SEMESTER OF 2016)..DEBT RATIO: 46,5% AS AT 30 JUNE 2017 (45,7 % AS AT 31 DECEMBER 2016)..IN THE SECOND HALF OF 2017 INTERVEST WILL CONTINUE TO WORK ON ITS STRATEGIC GROWTH PLAN.EXPECTS THE EPRA EARNINGS FOR THE FINANCIAL YEAR OF 2017 TO DECREASE.H1 NET RENTAL INCOME EUR 21.0 MILLION VERSUS EUR 23.1 MILLION YEAR AGO.H1 OPERATING PROFIT EUR 11.5 MILLION VERSUS EUR 5.7 MILLION YEAR AGO.H1 NET PROFIT EUR 8.7 MILLION VERSUS OF EUR 0.6 MILLION YEAR AGO.  Full Article

Intervest Offices & Warehouses, Group Machiels, MG Real Estate and Deme, obtain the development of Zone B of Ford site in Genk
Friday, 30 Jun 2017 05:40am EDT 

June 30 (Reuters) - INTERVEST OFFICES & WAREHOUSES NV ::REG-COOPERATION INTERVEST OFFICES & WAREHOUSES, GROUP MACHIELS, MG REAL ESTATE AND DEME, OBTAINS THE DEVELOPMENT OF ZONE B OF THE FORD SITE IN GENK WITH "GENK GREEN LOGISTICS".  Full Article

Intervest Offices & Warehouses acquires logistics site in Tilburg
Monday, 15 May 2017 02:00am EDT 

May 15 (Reuters) - INTERVEST OFFICES & WAREHOUSES PRIF.PA::REG-INTERVEST OFFICES & WAREHOUSES IS CONTINUING ITS GROWTH IN THE LOGISTICS SECTOR WITH THE ACQUISITION OF A LOGISTICS SITE OF 13.300 M² IN TILBURG..  Full Article

Intervest Offices & Warehouses issues 481,535 shares
Friday, 5 May 2017 05:45am EDT 

May 5 (Reuters) - Intervest Offices & Warehouses NV ::Successful placement of 481,535 shares Intervest Offices & Warehouses.Price of 21.60 euros ($23.68) per share, which represents a discount of 3,4 pct compared to closing price of yesterday, May 4, 2017.  Full Article

Intervest Offices & Warehouses announces private placement of ca. 481.000 shares
Friday, 5 May 2017 02:19am EDT 

May 5 (Reuters) - Intervest Offices & Warehouses NV ::Intended private placement of ca. 481.000 shares Intervest Offices & Warehouses.Trading in Intervest shares will therefore be suspended on Euronext Brussels today.Parcel of ca. 481,000 new intervest shares, will be sold today through the intermediary of ING Belgium as part of a private placement.  Full Article

Intervest Offices & Warehouses buys two logistics sites
Friday, 5 May 2017 02:08am EDT 

May 5 (Reuters) - Intervest Offices & Warehouses NV ::Intervest Offices & Warehouses expands its real estate portfolio with two logistics sites, located in Oevel and Aarschot.Investment of EUR 12.75 million..Transaction includes a capital increase through a contribution in kind..This acquisition provides intervest with a gross initial yield of 7,5%..Further to this EUR 12.75 million transaction, the fair value of intervest’s logistics real estate portfolio increases by 4% to EUR 322 million.  Full Article

Intervest Offices & Warehouses Q1 net result turns to profit of 5.9‍​ million euros
Thursday, 4 May 2017 12:00pm EDT 

May 4 (Reuters) - Intervest Offices & Warehouses NV ::Q1 rental income EUR 10.4‍​ million versus EUR 11.7 million ($12.83 million) year ago.Q1 operating profit EUR 7.6‍​ million versus loss of EUR 4.1 million year ago.Q1 net profit EUR 5.9‍​ million versus loss of EUR 7.0 million year ago.Fair value of investment properties at March 31 EUR ‍​614.2 million versus EUR 611.0 million at Dec 31, 2016.Occupancy rate entire portfolio at March 31 at 85‍​ percent versus 91 percent at Dec 31, 2016.Forecasts reduction in EPRA result in 2017.Goal is to generate growth of real estate portfolio of up to EUR 800 million by end of 2018.  Full Article

Intervest Offices & Warehouses proposes a gross dividend of 1,40 euros per share for 2016
Thursday, 4 May 2017 05:00am EDT 

May 4 (Reuters) - Intervest Offices & Warehouses NV ::Intervest Offices & Warehouses proposes an optional dividend to its shareholders and discloses the related conditions.For financial year 2016, general meeting has decided to distribute a gross dividend of 1,40 euros ($152.85) per share.After deduction of 30 pct withholding tax, net dividend for financial year 2016 amounts to 0,98 euros per share.  Full Article