DGAP-News: Wereldhave Wereldhave completes the acquisition of six shopping centres in France for [Eur] 850 million 19.12.2014 / 08:01 --------------------------------------------------------------------- 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 richard.beentjes@wereldhave.com T + 31 20 702 78 33 Information for analysts: Jaap-Jan Fit E jaapjan.fit@wereldhave.com 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?messageAttachmen tId=497009 News Source: NASDAQ OMX --------------------------------------------------------------------- 19.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Wereldhave Netherlands End of News DGAP News-Service --------------------------------------------------------------------- 307361 19.12.2014
DGAP-News: Wereldhave completes the acquisition of six shopping centres in France for [Eur] 850 million
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