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]