Anne de Jong not available for second term
NSI N.V. (Euronext: NSI / NL0012365084) - Regulatory news
Anne de Jong, Chief Investment Officer of NSI since 2015, has recently informed the Supervisory Board of his decision not to pursue a second term as member of the Management Board. His current term is set to end at the April 2020 AGM.
“I have substantially achieved the targets I set out for myself when I joined NSI in terms of asset rotation, focus and vacancy reduction.”.
Anne de Jong, CIO of NSI, comments: “NSI has significantly transformed over the past few years and has become a much more professional business with a focussed investment portfolio and a clear sense of direction. I have substantially achieved the targets I set out for myself when I joined NSI in terms of asset rotation, focus and vacancy reduction. Since 2015 NSI has done €1.2bn in transactions, sold almost all of its retail assets, increased its exposure to Amsterdam to more than half the portfolio and has seen the vacancy rate fall below 10%. I am convinced the business is in great shape and has a great future ahead, so now it is a good opportunity to pursue a new phase in my career”.
Luurt van der Ploeg, Chairman of NSI, comments: “We are very grateful for Anne’s contribution to the transformation and repositioning of NSI. During his tenure the NSI investment portfolio has rapidly been transformed from a rather diversified pool of mostly regional assets to a much more focussed portfolio with significant embedded value-add and development potential. We wish Anne well on his future endeavours”.
NSI N.V. (Euronext: NSI / NL0012365084) is a specialist commercial property investor and the only listed real estate investment trust (REIT) focused on well-located offices in economic growth regions in The Netherlands. The NSI team aims to maximise returns for its shareholders through pro-active management of its investment portfolio, value-add initiatives, and disciplined asset rotation. The portfolio, with a value of over one billion euros, is underpinned by a strong balance sheet, with significant capacity to fund both internal and external growth. By investing in attractive space and a high level of services for its customers, NSI can generate sustainable and growing revenues to support an attractive level of dividends. For more information visit our website: www.nsi.nl.
