DGAP-News

Wereldhave completes the acquisition of six shopping centres in France for [Eur] 850 million

DGAP-News: Wereldhave
Wereldhave completes the acquisition of six shopping centres in France
for [Eur] 850 million

19.12.2014 / 08:01

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On December 18, 2014, Wereldhave has successfully completed the acquisition of
six shopping
centres in France for a consideration of [Eur] 850 million.

Schiphol, the Netherlands, 2014-12-19 08:01 CET (GLOBE NEWSWIRE) --
France has now become Wereldhave's fourth retail market. The centres fully
match Wereldhave's strategic investment criteria and therefore fit well into
its strategy of investing in high quality, medium-sized shopping centres in
north-west Europe.

Two of the centres are located in Rouen. The other centres are in Le Havre,
Bordeaux, Strasbourg and Argenteuil (Greater Paris). The average size of the
centres is just under 40,000 m(2) GLA and footfall is at an average of 7.3
million visitors per year. Net rental income from the portfolio is currently at
[Eur] 46 million. The occupancy is at 91%. Wereldhave aims to improve the occupancy
gradually to a targeted 97%, thus improving the NIY from 5.5% in 2015 to 5.9%
in 2017.


Information for the press:
Richard W. Beentjes
E [e-mail]
T + 31 20 702 78 33

Information for analysts:
Jaap-Jan Fit
E [e-mail]
T + 31 20 702 78 43

Click on, or paste the following link into your web browser, to view the associated documents

https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=497009

News Source: NASDAQ OMX



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19.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Wereldhave


Netherlands


End of News DGAP News-Service
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307361 19.12.2014