Wereldhave sells office building in Washington DC

On February 29, 2012, Wereldhave has sold an office building in Washington DC, United States, for USD 147,5 mln, which represents a net yield of approx. 4.5%. The net proceeds equal the book value as at December 31, 2011. The building at 801 9th Street in the centre of Washington DC, is fully let to the US-Mint until 2019 and was acquired by Wereldhave in 2006.

 | Source: Wereldhave Wereldhave

The Hague, the Netherlands, 2012-03-01 07:50 CET (GLOBE NEWSWIRE) -- Hans Pars, CEO Wereldhave N.V., explains: “With this transaction we have set a large first step in the divestment of our American property investments during the next two to three years. The proceeds will be used for new acquisitions and in house (re)development projects in Western Europe. As from 2012, Wereldhave focuses on shopping centres in the Netherlands, Belgium, Finland and the United Kingdom and offices in Paris and Madrid.”

 

The Hague, March 1, 2012         Board of Management Wereldhave N.V.

 

         For further information:
         
         Wereldhave N.V.
         Richard W. Beentjes
         Tel. + 31 70 346 93 25
         
         Information for analysts:
         
         Wereldhave N.V.
         Charles F. Bloema / Jaap Jan Fit
         Tel. + 31 70 307 45 45 /+ 31 70 307 45 43