Vesteda presents its Annual Report 2015:
We have succesfully raised
and refinanced €900 mln, further optimising our capital structure, reducing our future interest costs and significantly increasing the duration of our loan capital.
Complete transformation of an apartment complex dating from the sixties, with additional office space:
The complex owes its name to the nearby street, De Boelelaan. Located close to the popular Zuidas area.
The enormous mural by artist Victor Ash connects the complex to the Zuidas area.
De Boel is a new-style apartment complex in Amsterdam’s Zuidas, aimed at Young Professionals and influentials.
The complex comes complete with surprising design elements, such as the shared roof garden.
2015 rocked the house. We saw the total return more than double to 14.0% and we raised €600 million in equity; an exceptionally high return for a low-risk core residential fund and a record amount of funding.
We would like to thank the Vesteda staff and our partners for rocking 2015, and our investors for their continuing confidence in us. Let’s move forward to 2016!
The outlook for 2016 is favourable. The anticipated economic growth and increase in financial resources will make the residential market even more dynamic in 2016.
The biggest challenge for Vesteda in 2016 will be to further optimise our portfolio, both organically and through acquisitions. We are still fully committed to high-quality growth against reasonable returns, which enables us to continue to offer our tenants good quality and affordable living.
Gertjan van der Baan, CEO