year under review. The block of flats, Corverserf at Hilversum, was
completed in 1976. In both cases sales developed satisfactorily.
A start was made with the construction of apartments in The Hague
(55 units), Eindhoven (81 units) and Bolnes (117 units), which
will be completed in the course of 1977. For these projects, too,
sales prospects are most satisfactory.
The Scheveningen plan, in the ownership of which we participate,
had a successful start with the smooth sale of the first part of the
project, a flat building consisting of 150 units. A start has been made
with the renovation of the Kurhaus.
The total amount invested in our own projects - including our share
in projects which we develop with others was f 105.5 million during
the financial year. At the end of 1976 our investments in projects
under construction totalled f 128.4 million.
In the operation sector a number of blocks of dwellings were ac
quired for a total amount of f 51 million to replace the real estate
holdings that were disposed of. On the other hand, there were
sales, partly to the individual occupants, to an amount of ƒ20.7
million. By doing so we followed the demand for privately-owned
houses, to which reference has been made above.
The Hoog Catharijne shopping centre in Utrecht enjoys the interest
of both tenants and the buying public.
In the recently completed Godebald district, situated off Moreelse-
park, almost the entire, remaining retail area was let to the Netto
markt, which meant a suitable conclusion of the retail assortment.
The Hoog Brabant catering business continues to develop favourably
thanks to increasing sales and improved efficiency and gradually
grows in profitability. The measures to improve efficiency include the
closing-down of the Noord Brabant restaurant, where a profitable
operation had become impossible as a result of the old-fashioned
arrangement of the premises and the deteriorated location, caused
by the restructurization of Vredenburg. For the staff a favourable
solution could be found in Hoog Brabant, which is adapted to
modern working conditions.
Within the framework of the spread of our interests we continued
our activities in Belgium with the start of two objects, viz. 60 flats at
Waterloo and 84 apartments at De Haan, while the construction of
two other objects, at Ukkel and De Panne, will shortly begin.
office building Assen
aerial photograph Aerofoto Eelde
17