DGAP-News: Wereldhave completes the acquisition of six

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 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



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19.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.

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Language:    English      
Company:     Wereldhave   
 
 
             Netherlands  
 
 
End of News    DGAP News-Service  
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307361 19.12.2014
DGAP-News: Wereldhave completes the acquisition of six shopping centres in France for [Eur] 850 million
