Capital rotation strategy
Search documents
Wereldhave sells Sterrenburg in Dordrecht, successfully completes Ville2 acquisition and secures new long-term financing
Globenewswire· 2025-12-29 06:00
Core Insights - Wereldhave has successfully executed a series of strategic transactions, including the sale of the Full Service Center Sterrenburg in Dordrecht, the acquisition of Ville2 in Charleroi, and securing new long-term financing, which collectively enhance the company's balance sheet [1][2][3][4]. Group 1: Sale of Sterrenburg - The Full Service Center Sterrenburg in Dordrecht was sold for gross proceeds of €60 million, which aligns with the asset's book value, and the transfer occurred on December 24, 2025 [2]. Group 2: Acquisition of Ville2 - The acquisition of shopping center Ville2 in Charleroi, Belgium, was completed, funded by €82 million raised through a rights issue and €40 million in new debt from core banks, with the asset transfer taking place on December 17, 2025 [3]. Group 3: New Financing Arrangements - Wereldhave Belgium secured €30 million through a private placement with Royal London Asset Management for a 10-year term and extended €55 million in existing bank facilities, significantly increasing the average debt maturity from 3.2 years to 4.2 years [4]. Group 4: Management Commentary - The CFO of Wereldhave highlighted the successful execution of the capital rotation strategy, which involved disposing of three Dutch assets and making accretive acquisitions while maintaining a solid balance sheet [5].