2010 Full year results - Unibail-Rodamco
2010 Full year results - Unibail-Rodamco
2010 Full year results - Unibail-Rodamco
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
The office division in France performed well with a 3.9% like-for-like increase in net rental income. Leasing activity was<br />
strong with approximately 20% of the portfolio being let, re-let or re-negotiated at an average rental uplift of -0.8%.<br />
Lease termination agreements were signed on 70-80 Wilson, Issy Guynemer and Courcellor 1, creating opportunities to<br />
refurbish these buildings. Renovations will be delivered in 2011 for the first 2 assets and in 2014 for Courcellor 1.<br />
(1) Financial vacancy (EPRA definition) = Estimated Rental Value of vacant units / (Estimated Rental Value of total surfaces)<br />
(2) Indexation contribution to like-for-like NRI growth<br />
39
Change language