Retail Estates N.V. (0FSO.L)

67.60 -0.40 (-0.59%) As of 06:17PM BST. Market open.

Retail Estates N.V.

Industrielaan 6
B-1740 Ternat
Brussels 1000
Belgium
32 2 568 10 20
https://www.retailestates.com

Sector(s): 
Industry: 
Full-time employees: 33

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Paul Borghgraef	Chairman & Compliance Officer	60k	N/A	1954
Mr. Jan De Nys	MD, CEO & Director	551k	N/A	1959
Ms. Kara De Smet	CFO & Executive Director	N/A	N/A	1976
Mr. Koenraad Van Nieuwenburg	Chief Investment Officer	N/A	N/A	N/A
Ms. Sara Hautier	Accounting Manager	N/A	N/A	N/A
Mr. Thomas Ooms	Construction & Technical Manager	N/A	N/A	N/A
Ms. Runa Vander Eeckt	Chief Legal Officer	N/A	N/A	N/A
Mr. Koen Nevens	Chief Business Development Officer	N/A	N/A	N/A
Mr. Wilfried Van Laethem	Financial Controller	N/A	N/A	N/A
Mr. Johan Janssens	Senior Property Manager	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

The Belgian public real estate investment trust Retail Estates nv is a niche player specialised in making out-of town retail properties located on the periphery of residential areas or along main access roads to urban centres available to users. Retail Estates NV acquires these real estate properties from third parties or builds and commercialises retail buildings for its own account. The buildings have useful areas ranging between 500 m² and 3,000 m². A typical retail building has an average area of 1,000 m² in Belgium and 1,500 m² in the Netherlands. As of 31 December 2023, Retail Estates nv has 1,025 rental units in its portfolio with a total retail area of 1,234,904 m², spread over Belgium and the Netherlands. The occupancy rate of the entire portfolio was 97.92% on 31 December 2023. The fair value of the consolidated real estate portfolio of Retail Estates NV as at 31 December 2023 is estimated at € 2,010.63 million by independent real estate experts. Retail Estates NV is listed on Euronext Brussels and Euronext Amsterdam and is registered as a public regulated real estate company.

Corporate governance

Retail Estates N.V.’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.