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Wereldhave Belgium Acquires Full Ownership of Shopping Centre Kortrijk Ring in Belgium

SCHIPHOL, the Netherlands, Dec. 18, 2014 (GLOBE NEWSWIRE) -- Wereldhave Belgium has signed a purchase agreement for the acquisition of the leasehold of 22.000 m(2) of shopping centre Kortrijk Ring in Kortrijk, Belgium, to become the single owner of the centre. On August 22, 2014, Wereldhave already acquired 11.000 m(2) of the shopping centre from Redevco. The latest transaction brings the total acquisition price for the entire centre to [Eur] 108.1 m, including transaction costs, reflecting a net initial yield of 6.1 %.

Information for the press:
Richard W. Beentjes
E richard.beentjes@wereldhave.com
T + 31 20 702 78 33
Information for analysts:
Jaap-Jan Fit
E jaapjan.fit@wereldhave.com
T + 31 20 702 78 43

Source:Wereldhave