Trading Update

 

TIDMDIWO 
 
RNS Number : 1085A 
Direct Wonen N.V. 
02 October 2009 
 

Direct Wonen NV 
 
 
Direct Wonen plans E 200 million residential property portfolio 
 
 
 
 
Direct Wonen NV has historically comprised 3 business units, namely Residential 
Letting Services, Residential Sales and Financial Services. Over the last few 
years, the Residential Sales business unit has sold new built projects. 
 
 
As a result of the ongoing impact of the credit crunch on the residential 
housing market, Direct Wonen intends to diversify its New Residential Sales unit 
to also investing in existing rented out residential properties. Accordingly the 
name of the business line will be changed from Direct Wonen Residential Sales to 
Direct Wonen Real Estate in order to better reflect the strategy. 
 
Direct Wonen Real Estate will seek to build a Euro 200 million portfolio of a 
mix of existing rented out and new residential property. The rented out strategy 
will be to invest in the following types of properties: 
 
 
  *  minimum of 50 units; 
  *  rent per unit not exceeding Euro 850 per month; and 
  *  located in the "Randstad" or one of the main 20 cities in the Netherlands. 
 
 
 
Investment will be financed by a mixture or equity provided by Direct Wonen out 
of its own resources and bank debt. 
 
 
Direct Wonen Real Estate is currently in the final stage of negotiations for 
various properties and is seeking to complete a number of transactions this 
year. In 2010 Direct Wonen Real Estate will seek to broaden its portfolio with a 
mix of existing and new build projects. 
 
 
Commenting Frederik Sinke, Commercial Director at Direct Wonen Real Estate, said 
today: 
 
 
"In the beginning of 2009 we started to develop the Real Estate strategy and it 
now starting to gain shape. Alongside investments in New Property Sales 
projects, Direct Wonen plans to also invest in existing residential properties. 
The name Direct Wonen Real Estate matches with this broader strategy. " 
 
 
 
 
Enquiries: 
 
 
Contact: 
For more information about this press release please contact: 
Irma de Jong, Tel.: [phone], E-mail: [e-mail] 
Website: www.directwonenvastgoed.nl 
 
 
Collins Stewart (Nomad)             Hugh Field             Tel:[phone] 
 
 
 
 
 
 
About Direct Wonen Real Estate 
 
 
Direct Wonen Real Estate invests in residential property, both existing as well 
as new built projects. Direct Wonen has a leading position in the private 
residential market in The Netherlands with more than 5,3 million unique visitors 
on its websites and 542.000 registered subscribers. Direct Wonen's extensive 
data base contains detailed information of potential renters. 
 
 
The database provides Direct Wonen with detailed data to analyse potential 
projects and assess their feasibility. In 2006 and 2007 Direct Wonen Real Estate 
successfully implemented various new built projects and has demonstrated an 
excellent track record. Well known examples are Funen Park Amsterdam, Statendam 
Rotterdam and Vista's Amersfoort. 
 
 
Direct Wonen Real Estate is part of Direct Wonen N.V. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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