DGAP-News: Wereldhave
Wereldhave sells Le Cap office building in Paris
13.11.2015 / 08:55
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Schiphol, the Netherlands, 2015-11-13 08:55 CET (GLOBE NEWSWIRE) --
Today Wereldhave announces that in line with its management agenda 2015/2016,
it has sold its remaining French office building, Le Cap in Saint Denis, Paris,
for total net proceeds of [Eur] 50m, which is [Eur] 5.9m or 13.4% above the
book value
as at December 31, 2014, and [Eur] 3.4m or 7.3% above the book value as at June
30,
2015. It represents a net exit yield of 5.6%, with closing anticipated around
mid-December 2015.
The transaction brings Wereldhave's divestment volume for 2015 to the midpoint
of the targeted range of [Eur] 350 - 450million and secures the targeted
year-end
LTV below 40%. It also marks the end of the French offices portfolio.
Wereldhave has capitalised on the vibrant Paris investment market for offices.
Net proceeds of the disposal in 2015 of the portfolio of three office buildings
were [Eur] 20.2m 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
Click on, or paste the following link into your web browser, to view
the associated documents
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmen
tId=537181
News Source: NASDAQ OMX
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13.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Wereldhave
Netherlands
End of News DGAP News Service
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412779 13.11.2015
DGAP-News: Wereldhave sells Le Cap office building in Paris
| Source: EQS Group AG