Direct investment result VastNed Retail increases by 5.8% in first nine months 2003, VastNed Offices

In the first nine months of 2003 VastNed Retail’s direct investment result showed an increase of 5.8% compared to the first nine months of 2002. The direct investment result per share rose by 2.3% to EUR 3.18. Shareholders’ equity per share amounted to EUR 46.89 as at September 30, 2003. The board of management expects the direct investment result per share to come to approximately EUR 4.24 (2002: EUR 4.15) for the 2003 financial year.

VastNed Retail invests in individual retail properties, shopping centres and large-scale
retail properties located at good and top locations in the Netherlands, Spain, Belgium,
Germany, France, Italy and Portugal. Invested capital amounted to EUR 1,642 million as at September 30, 2003 (EUR 1,601 million as at September 30, 2002).

VastNed Offices/Industrial
In the first nine months of 2003, VastNed Offices/Industrial’s direct investment result
showed a limited decrease (6.7%) compared to the first nine months of 2002. The direct investment result per share fell by 9.4% to EUR 2.12. Shareholders’ equity per share amounted to EUR 26.62 as at September 30, 2003. The board of management maintains the prognosis that the direct investment result per share will be approximately EUR 2.80 (2002: EUR 3.10) for the full 2003 financial year.

With an invested capital of EUR 1,307 million as at September 30, 2003 (EUR 1,454 million as at September 30, 2002), VastNed Offices/Industrial is specialised in offices, logistics centres and industrial premises located at good and top locations in the Netherlands, Belgium and northern France.

Source: VastNed

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