SCHIPHOL, the Netherlands, Dec. 19, 2014 (GLOBE NEWSWIRE) -- France has now become Wereldhave's fourth retail market. The centres fully match Wereldhave's strategic investment criteria and therefore fit well into its strategy of investing in high quality, medium-sized shopping centres in north-west Europe.
Two of the centres are located in Rouen. The other centres are in Le Havre, Bordeaux, Strasbourg and Argenteuil (Greater Paris). The average size of the centres is just under 40,000 m(2) GLA and footfall is at an average of 7.3 million visitors per year. Net rental income from the portfolio is currently at [Eur] 46 million. The occupancy is at 91%. Wereldhave aims to improve the occupancy gradually to a targeted 97%, thus improving the NIY from 5.5% in 2015 to 5.9% in 2017.