Basic Profile & Key Statistics
Main Sector(s): Office, Industrial & LogisticsCountry(s) with Assets: Netherlands, Italy, France, Poland, Germany, Finland, Denmark, Slovakia, Czechia & EnglandNo. of Properties (exclude associate/fund): 113
Performance Highlight
Gross revenue and NPI have improved slightly YoY. However, distributable income and DPU declined YoY mainly due to higher finance costs and the absence of distribution from divestment gain.
Rental Reversion
CEREIT achieved +5.9% rent reversion for 1H 2023 and + 3.6% in 2Q 2023.
On 30 June, CEREIT divested Piazza Affari 2 at a 14.6% premium to the purchased price. While the divestment of Viale Europa 95 is still pending.
Development of Lovosice ONE Industrial Park has been completed with 46% pre-let and is expected to be fully leased up by year-end. Whereas developments for Via Nervesa 21 and Maxima are in progress, Nervesa 21 is on track to be completed by 1Q 2024.
Related Parties Shareholding
REIT Sponsor's Shareholding: ± 10% from
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