Strategy

Strategy
For the short term emphasis will be placed on letting vacant properties in the existing portfolio, working out the details of the development and redevelopment possibilities within the existing portfolio, building up the required expertise in the organisation for this purpose, and building up the Swiss management organisation.

In 2010, the disposal programme, the sale of smaller premises (to €5 million) with the aim of reducing the number of these management-intensive premises in the portfolio, will be continued. This will provide a valuable contribution to one of the most important objectives of the company in the short term: the further reduction of the LTV.

Our growth ambition is unchanged, but the credit crisis has meant that the growth plans are being delayed until it is clear what the effects of the financial crisis are on the real economy. NSI expects that these effects will only become apparent during the second half of 2010.
Switzerland has proved to be a very attractive investment area, both in terms of returns on investments and because of the economic stability. Further expansion in Switzerland will therefore be a priority, where the aim is to build up a portfolio of at least € 300 to € 400 million, particularly in retail.
The residential and industrial property segments no longer belong to the primarily desired investment segment and will ultimately be wound down. 

Mission 'To pursue a consistent policy that delivers sustainable and growing earnings per share based on a good quality real estate portfolio'. 

Ambition
"To position NSI as a recognised mixed fund (retail and offices) creating added value and focusing on three home markets".

Strategy and objectives

-NSI will invest in retail and offices, preferably on a 50-50 basis.
-NSI will add value for the shareholders through the current portfolio by investments in the currently owned portfolio as well as by an achive purchase and sale policy.
-NSI will grow to a size of €2.5 billion in the coming years.
-NSI will invest in the The Netherlands and Switzerland. The possibilities for investments in France are under consideration. The pace of investments depends on the size of the effects of the economic recession.