Wereldhave strengthens position in Tilburg with strategic acquisition of adjacent units

Core Insights - Wereldhave has successfully acquired three retail units in Tilburg, Netherlands, with a total gross leasable area of 2,756 m² for €5.4 million, reflecting a net initial yield of 11% [1] - The acquisition was fully settled in newly issued shares, indicating strong investor confidence [1] - The transaction is expected to be marginally EPS-accretive and will improve the loan-to-value ratio by approximately 10 basis points [2] Company Strategy - The acquisition is part of the Full Service City Center Tilburg initiative, aimed at enhancing the attractiveness and competitiveness of the city center [3] - The project, which opened in 2022, is one of the largest inner-city redevelopment efforts in the Netherlands, linking two of Wereldhave's centers [3] - Wereldhave has improved the tenant mix in the area, incorporating a diverse range of retail, food and beverage, leisure, and public services [4] Tenant Information - Key tenants in the Full Service Center include well-known brands such as Action, Amac, Costes, Coffeecompany, C&A, Decathlon, Guts & Gusto, Mango, MediaMarkt, New Yorker, The Sting, Søstrene Grene, and Starbucks [4] - The newly acquired retail units are currently leased to Jack's Casino and food and beverage operators Waw Burger and XL 013 [4]