Unibail published its FY15 results. The NRI, standing at €1.45bn, gained 3.2% on an lfl basis, o/w 3.9% on shopping centres (despite the absence of indexation). This was mainly supported by rent reversions, as vacancy rates remained low, 2.5%: a solid MGR uplift of +18.2% lfl, and a total of 1367 leases signed — or a tenant rotation rate of 13.4%. Unibail’s portfolio gained 6% lfl, better than our expectations, to now €37.8bn. This was supported by combined positive effe
03 Feb 2016
Strong rental uplifts and €2bn of deliveries, 2016 will be calmer
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Strong rental uplifts and €2bn of deliveries, 2016 will be calmer
- Published:
03 Feb 2016 -
Author:
Alda Kule Dale -
Pages:
3
Unibail published its FY15 results. The NRI, standing at €1.45bn, gained 3.2% on an lfl basis, o/w 3.9% on shopping centres (despite the absence of indexation). This was mainly supported by rent reversions, as vacancy rates remained low, 2.5%: a solid MGR uplift of +18.2% lfl, and a total of 1367 leases signed — or a tenant rotation rate of 13.4%. Unibail’s portfolio gained 6% lfl, better than our expectations, to now €37.8bn. This was supported by combined positive effe