In the second year of its existence as an independent and specialised real estate company in the area of housing, AMVEST has once again had an excellent year. AMVEST made a total return of 11.1 % according to the ROZ/IPD-index. It was made up of 4.4 % rentproceeds and 6.7 % through increase of value (realised and non-realised).
AMVEST achieved a total return on investments (after taxes) of Ã¢âÂ¬ 112 mln. The direct result amounted to Ã¢âÂ¬ 13 mln. and the indirect result Ã¢âÂ¬ 99 mln. The portfolio has been stronlgy renewed. In total Ã¢âÂ¬ 174 mln. was invested in new rental housing and sold for Ã¢âÂ¬ 176 mln. Compared to the ROZ/IPD-index for standing investmenst residential AMVEST scored 9.7 % against 8.3 % of the index. Calucated to a 3 year average, the AMVEST total return according to the ROZ/IPD-index will be 14.1 % to a 13.0 % by the index.
At the end of 2002 AMVEST had a housingportfolio (real estate in operation and development) with an investmentvalue of Ã¢âÂ¬ 1.663 mln. and another Ã¢âÂ¬ 1.008 mln in projects to be developed.