In 2019, the Fund managed to increase the average occupancy of the portfolio to 96.5% (95.2% in 2018). Strategic vacancy due to the renovation and expansion activities in the Goverwelle shopping centre and Muntpassage shopping centre in Weert did have temporarily negative impact on the occupancy rate of the portfolio for the majority of the year, but this improved once the redevelopment projects were completed. The Fund closed 149 new lease contracts and renewals, representing a total of € 9.6 million in annual rent.
Financial occupancy rate
