Brief: QRF, INNO Strengthen Partnership In Hasselt

Qrf NV

25/08/2022 17:22

Aug 25 (Reuters) - QRF Comm VA  QRF.BR :
    * QRF AND INNO STRENGTHEN PARTNERSHIP FOR DEPARTMENT STORE
IN
HASSELT
    * QRF HAS RECEIVED SUFFICIENT CONFIDENCE FROM INNO THAT INNO
WILL
CONTINUE TO OCCUPY PROPERTY AFTER NEXT CONTRACTUAL TERMINATION
OPTION IN 2026
    * RENT WAS RENEGOTIATED TO CONTRACTUAL RENT OF 1.1 MEUR PER
YEAR
AS OF AUGUST 2023
    * IN ADDITION, ONE-TIME CONTRIBUTION WAS GRANTED TO INNO IN
AMOUNT
OF 700K EUR
    * NO EXPECTED IMPACT ON RENTAL INCOME FOR FISCAL YEAR 2022
FOR QRF
    * AMENDED CONTRACTUAL RENT OF INNO TO NOT  HAVE SIGNIFICANT
IMPACT
ON 2023 RESULT

Further company coverage:  QRF.BR 

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