The Fund’s portfolio is geographically diversified across 40 markets in 12 European countries. The following charts show the total portfolio’s geographical distribution based on the market value of 459 properties owned by the Fund as at 30 June 2018, in terms of allocations by country and region.
Net Property Value by Country
Geographic Distribution by Net Value
In Q2 2018, capital values continued to grow. Excluding the effect of currency movements and transactions, the Fund’s portfolio value increased by 3.0% during the quarter.
Second Quarter Operating Results
Operating portfolio occupancy decreased to 96.4%. Total leasing activity covered over 540,000 SQM.
Occupancy by Region
Expiries/Next Lease Breaks – Annualised Ending Base Rent (AEBR)
Customer Base - Top 10
The Fund has a diversified customer base, which consists of 817 leases.
- No one customer comprises more than 5.0% of the total annualised ending base rent.
- In total, the top 10 customers account for only 24.7% of the total annualised ending base rent of the Fund.
The following table lists the top 10 customers and their share of the total annualised ending base rent of the Fund.