Nsi Nv Ord (NIUWF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Thank you for joining and welcome to our 2026 half-year results analyst call. Today, our CFO and co-CEO Elke Snyder will comment on the result presentation published on our website this morning. At the end of the call, you will have the opportunity to ask questions. For now, I would like to hand over to Elke. Good morning, everyone. So happy to have you all here on the webcast this morning, and it is my pleasure to guide you through the site. Before we get into the half-year results, I want to point, actually, your attention to the picture we included here on the front page, as this is the view from noon, where a couple of weeks ago we hosted an event for brokers to get a feel for the location and atmosphere, despite it being a full-on construction site, as has commenced there with the constructions. All right, now let's move into the presentation. The highlights of the first half of 2026. As mentioned, we started construction at the noon site, and we are also progressing the plans with respect to Glasshouse to the stage that we can say that we are preparing a major repositioning of the asset once KPN leaves the building in June 1, 2027. Of course, we also want to update you on leasing, our number one priority for the year, and we'll have a lot of information on that later on in the presentation. We also announced on June 12 that we decided to discontinue the well house development. Quite painful for the organization and all involved from municipality, architects, to construction company. Unfortunately, it has become evident after an extensive feasibility study that the project just was not viable for NSI. The higher construction cost just outpaced the improving rental prospects. Okay, lastly, we are announcing a 5% share buyback. This is an a...