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Wereldhave announces first joint venture, with Sofidy (Tikehau Group), acquiring shopping center Stadshart Zoetermeer in the Netherlands
Globenewswire· 2025-05-26 05:00
Core Insights - Wereldhave and Sofidy have partnered to acquire the Stadshart Zoetermeer shopping center and parking garages in the Netherlands for a total purchase price of €150 million, which includes a 15% equity stake from Wereldhave [1][2] - The acquisition aligns with Wereldhave's strategy and marks its first joint venture, with plans to enhance asset value through active management [1][3] - The shopping center has a gross lettable area of approximately 59,000 m² and attracts over 8 million visitors annually, making it a significant retail destination [4] Financial Details - The total purchase price is €150 million (€165.6 million including transaction taxes), with a loan-to-value ratio of 40% financed through a secured green five-year loan [2] - The transaction is expected to positively impact Wereldhave's Direct Result Per Share (DRPS) by €0.04 annually [2] Strategic Implications - The partnership with Sofidy allows Wereldhave to leverage its management expertise while maintaining a minority stake, in line with its value creation strategy [3] - The transaction is scheduled to close at the end of the second quarter of 2025, indicating a forward-looking approach to asset management [3]
Novo Resources Corp. Unveils New Corporate Presentation for Investors
Globenewswire· 2025-04-09 19:45
Core Viewpoint - Novo Resources Corp. has launched an updated corporate presentation to provide investors with insights into its growth strategy and key projects in its Australian gold exploration portfolio [1][2][3]. Company Overview - Novo Resources is an Australian-based gold explorer listed on ASX and TSX, focusing on discovering standalone gold projects with over 1 million ounces (Moz) development potential [5]. - The company holds a significant land package of approximately 5,500 square kilometers in the Pilbara region of Western Australia and an additional 22 square kilometers at the Belltopper project in Victoria, Australia [5]. Key Projects - The Egina Gold Camp is a primary project area where De Grey Mining is forming a joint venture (JV) at the Becher Project, committing A$25 million over four years for a 50% interest [6]. - Novo is also advancing exploration south of Becher in the Egina Gold Camp and has a lithium joint venture with SQM in the Pilbara, providing exposure to battery metals [7]. - Recently, Novo added the TechGen John Bull Gold Project and the Manhattan Tibooburra Gold Project to its portfolio, both of which show potential for significant discoveries and align with the company's strategy of identifying projects with over 1 Moz Au potential [8]. Investment Strategy - Novo has a disciplined program in place to identify value-accretive opportunities that will enhance shareholder value [9].