Vitura: Activity at End-September 2024
November 07 2024 - 1:30AM
Business Wire
- Rental income of €32.5 million
- 16,000 sq.m let since the beginning of the year, including
5,000 sq.m in the third quarter
- 5-star rating maintained with an excellent GRESB score of
92/100
Regulatory News:
Vitura (Paris:VTR):
Key figures
All figures exclude the impact of the Passy Kennedy and Office
Kennedy buildings, which had been fully vacated at December 31,
2023.
In the first nine months of 2024, Vitura recorded IFRS rental
income of €32.5 million, compared with €29.3 million in the
prior-year period. This rise of €3.2 million, an increase of 10.9%,
mainly reflects rent received in connection with leases recently
signed, as well as by index-linked rent increases of 5.8% over the
past nine months. 100% of rents and charges were collected.
Since the start of the year, leases representing 16,000 sq.m of
space have been signed with five high-profile tenants, including
5,000 sq.m in the third quarter. The transactions mainly concern
lease renewals and extensions at Europlaza and Arcs de Seine, two
assets offering amenities inspired by hotel standards. Rives de
Bercy also confirmed its appeal, with Air Liquide taking on an
additional leased space and now occupying 21% the campus. Letting
of Rives de Bercy continues apace with potential tenants showing
keen interest.
The occupancy rates of Arcs de Seine (81%) and Europlaza (86%)
remain at high levels.
Sale of a controlling interest in Passy Kennedy and Office
Kennedy
In early July, Vitura sold a controlling interest in the Passy
Kennedy and Office Kennedy holding companies. As initially planned
by Vitura, the campus is set to undergo a works program aimed at
its repositioning as a top-class property complex of 34,000 sq.m
offering a broad range of upscale amenities including food
services, conference facilities, a gym, and wellness and social
areas. It was designed to feature facilities to promote low-carbon
mobility, while the property will meet the highest environmental
standards. Through its minority stake, Vitura may be entitled to
value created by the redeveloped properties.
An ambitious CSR policy recognized
Thanks to its proactive approach to sustainable development,
Vitura was awarded an excellent score of 92/100 by the GRESB
(Global Real Estate Sustainability Benchmark), an organization that
assesses the CSR practices of real estate companies worldwide.
Vitura ranks second among listed office property companies in
France, having been ranked world number 1 four times.
As a result, Vitura has maintained its 5-star rating, placing it
in the top 10% of the highest-rated listed European companies.
As in previous years, Vitura received two Gold Awards from the
European Public Real Estate Association (EPRA) for the quality and
transparency of its financial and non-financial reporting. Vitura
is also ISO 14001-certified.
Vitura's efforts and commitments to achieve carbon neutrality by
2050 continued apace during the period, in particular through the
rollout of an energy efficiency plan for each property in the
portfolio, including automated data collection, measures to raise
awareness and train stakeholders in energy issues. Working closely
with Vitura's teams, tenants have drawn up effective action plans
in this area.
About Vitura Created in 2006, Vitura is a listed real
estate company (“SIIC”) that invests in prime office properties in
Paris and Greater Paris. The total value of the portfolio was
estimated at €1,266 million at June 30, 2024 (excluding transfer
duties).
Thanks to its strong commitment to sustainable development, the
Company's leadership position is recognized by ESG rating agencies.
Vitura ranks second among France's listed office property companies
in the 2024 GRESB ranking, and has been ranked world number 1 four
times. It has also received two Gold Awards from the European
Public Real Estate Association (EPRA) for the quality and
transparency of its financial and non-financial reporting. Vitura
is ISO 14001-certified.
Vitura is a REIT listed on Euronext Paris since 2006, in
compartment B (ISIN: FR0010309096).
Visit our website to find out more: www.vitura.fr/en
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version on businesswire.com: https://www.businesswire.com/news/home/20241106283365/en/
Investor relations Charlotte de Laroche info@vitura.fr +33 1 42
25 76 38
Media relations Aliénor Miens alienor.miens@margie.fr +33 6 64
32 81 75
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