DIM Vastgoed sells shopping center

DIM Vastgoed NV sold shopping center ´Ramblewood Square. As the sale price was well above the book value, this divestment will provide a positive contribution of 0.7% to the indirect investment result.

In 1997 the shopping center was bought for US$ 15 mln. The actual sale price was US$ 21.12 mln, some US$ 1.6 mln above book value. Proceeds of the sale will be used for other acquisitions.

As a result of this divestment, indirect investment result will increase to 2.2%. It is expected that direct investment result will amount to 10% for the year 2002.

DIM Vastgoed maintains her forecast that a dividend of US$ 1.09 per share will be paid out over 2002.

(source: DIM Vastgoed)

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