Management Report

7. Sales

• Haacht (Wespelaar) – Dijkstraat*: the retail part of the site was sold to the operator, owing to its non-strategic nature. This is a divestment of EUR 850.000.

• Neder-Over-Heembeek – Steenweg op Vilvoorde 146*: the site was sold to a private investor for an amount of EUR 2.045.000.

• Sint-Niklaas – Europark Zuid II: subject to a number of suspensive conditions, including receipt of a building permit, 111.000 m² of the site (or two-thirds of the surface area) was sold to Sint-Niklaas Logistics (SNL).

• Sint-Jans-Molenbeek – Delaunoystraat 34-36*: a warehouse and the associated land were sold to the Ligue d’Entraide Islamique. The purchase option for an amount of EUR 100.000 dated from as far back as 2003 and was extended on expiry in 2005, in anticipation of receipt of the required environmental certification. The deed was executed in January 2010 (see also ‘9. Events after the reporting date’ on page 62).

*    The selling prices were in line with the expert valuations.

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