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Wereldhave completes sale of Carre Vert office building in Paris

SCHIPHOL, the Netherlands, Sept. 29, 2015 (GLOBE NEWSWIRE) -- Wereldhave has successfully completed the sale of the "Carre Vert" office building in in Levallois-Perret (Paris). Carre Vert was sold for a net consideration of [Eur] 166m, which is [Eur] 5.4m or 3.4% in excess of the book value as at December 31, 2014. It represents a net exit yield of 4.5% and a weighted average lease term of 3.3 years.

Cushman Wakefield Capital Markets Group acted as advisor to Wereldhave in the context of a joint instruction with Jones Lang LaSalle.

The disposal of the Noda office building is expected to be completed mid-October. This office building was sold for [Eur] 185m net, which is [Eur] 8.9m or 5.1% in excess of the book value as at December 31, 2014.

Information for the press:
Richard W. Beentjes
E richard.beentjes@wereldhave.com
T + 31 20 702 78 32

Information for analysts:
Jaap-Jan Fit
E jaapjan.fit@wereldhave.com
T + 31 20 702 78 43

Source:Wereldhave