Wereldhave N.V.

press release H1 results 2018 - Seite 4

The second committed project is the redevelopment of the Presikhaaf shopping centre in Arnhem. The project is now more than halfway. The fresh-food square was completed on May 25, 2018 and is fully let. The square is located at the front of the centre next to the new Albert Heijn and the third supermarket of the centre, Aldi. Leasing in Presikhaaf is making good progress with a healthy tenant appetite. Recent signings to the centre are The Stone (fashion) and Van Haren (shoes). The project is scheduled for completion in 2019.

In Tilburg, the new Frederikstraat is nearly fully let. Footfall at the Pieter Vreedeplein and the Emmapassage records double digit growth since the first phase of the project was competed. Plans are being drafted with the municipality for the second phase of the inner-city redevelopment scheme, to connect the new Frederikstraat to the Emmapassage and the Primark. This part of the project is not yet committed and is to be partly funded with local asset rotations.

In Belgium the 15,000 m² expansion of the Tournai shopping centre was completed on April 12, 2018. Wereldhave Belgium takes pride in the nomination of Les Bastions for the shopping award 2018 by BLSC, the Belgian Luxembourg Council of Retail and Shopping Centres. Les Bastions is very successful, with average footfall recording a 50% increase. The centre is fully let with large and renowned retailers, such as Zara, Bershka, JBC, Bel&Bo, Etam Lingerie and Armand Thiéry and an attractive food & beverage offer. There are currently no major committed development projects in Belgium.

In France, the new Primark in Docks Vauban, which opened its doors on February 21, 2018, pushed footfall of the centre up by 30% during the first half of the year. The committed development portfolio in France now consists of the Verrerie project in Saint Sever. This € 26m investment aims to add a food hall to the shopping centre, directly in front of the Kinepolis cinema, with Vapiano and  KFC. Preleasing of the project is at 86% and the total project will be completed in 2019. We are currently actively working on securing a new large anchor for Saint Sever. 

In Finland, the Finnkino project is well on track and within budget. Opening is scheduled at November 30, 2018. All restaurants near the cinema have been let, with anchors such as Vapiano, Lucky Bastard and Taco Bell and a salad bar, a noodle bar and a coffee bar. These will open between August and November 2018.