The board of Dutch-based DIM Vastgoed is investigating what the total return for share would be if the company sold its entire real estate portfolio, consisting of 19 shopping centres in the US. DIM expects the sell-off would generate a higher return per share than the portfolio's intrinsic value of $20.86 (EUR 15.93) per share as of November 30, 2006.
The board of Dutch-based DIM Vastgoed is investigating what the total return for share would be if the company sold its entire real estate portfolio, consisting of 19 shopping centres in the US. DIM expects the sell-off would generate a higher return per share than the portfolio's intrinsic value of $20.86 (EUR 15.93) per share as of November 30, 2006.
Should the review confirm this, a proposal to sell the shopping centres will be tabled at a general meeting of shareholders. Nevertheless, the board is also considering the option of maintaining DIM Vastgoed's current strategy. The liquidity of DIM Vastgoed's shares is limited by the fact that 64% of the company is held by Equity One and Homburg
