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WCM continues with portfolio expansion

WCM Beteiligungs- und Grundbesitz-AG has started successfully into business year 2017. All important financial figures and portfolio KPIs continued to improve.The rental income for the first three months of 2017 rose by 41 per cent to €10.8m versus €7.7m in Q1 2016. The funds from operations (FFO I) were also significantly higher at €5.8m in comparison to the €4.4m in the comparable period of the previous year. The EPRA Net Asset Value (NAV) was raised to €371.8m or €2.75 per share compared to €345.4m or €2.62 per share at the 31 December 2016.

In the first three months WCM successfully closed two sizeable transactions, already. Effective 1 February 2017 in Jena, Thuringia a retail centre was acquired. The retail centre...[…]