Core Insights - Wereldhave N.V. has agreed to acquire the Ville2 shopping center in Charleroi, Belgium, for €120 million, with a net initial yield of 8.0%, as part of its LifeCentral strategy growth phase [1][5] - The acquisition is expected to positively impact Wereldhave's direct result per share (DRPS) by approximately €0.05, or nearly 3%, starting in 2026 [2] - The transaction will also reduce the net loan-to-value (LTV) ratio by approximately 110 basis points compared to September 30, 2025 [2] Acquisition Details - The Ville2 shopping center has a gross leasable area of approximately 27,100 m² and currently has an 8.5% vacancy rate, with significant potential for transformation into a Full Service Center [3][6] - The center attracts around 4 million visitors annually and ranks third in footfall density among Belgian shopping centers, with several retail categories generating sales above €5,000 per m² [3][6] - Key tenants include C&A, Fnac, H&M, New Yorker, ONLY, Rituals, and Sports Direct, with most tenants performing above the average of Wereldhave Belgium's current portfolio [3][6] Strategic Importance - The acquisition aligns with Wereldhave's disciplined acquisition approach and is expected to deliver immediate earnings accretion [5] - The company aims to enhance the asset's performance and long-term success through its experienced local team [5] - The transaction is part of a broader strategy that includes the disposal of other properties, such as De Roselaar and the anticipated disposal of Sterrenburg, to strengthen the balance sheet [2]