General

Profile

Wereldhave focuses on shopping centres in North-West Europe and sustainable offices in Paris. In line with the retail structures in the core countries Belgium, the Netherlands and Finland Wereldhave focuses on convenient shopping with shopping centres that are top-of-mind in catchment areas of at least 100,000 inhabitants within 10 minutes travel time. Wereldhave’s shopping centres offer consumers ‘convenient shopping’: 90% of shopping needs, strong (inter) national tenants, fully embedded food and beverage functions and easy accessibility. In addition, Wereldhave will remain active in the Paris office market with a focus on sustainable offices.

Structure

Wereldhave is a closed-end investment company with variable capital. Shares are issued and repurchased on the basis of resolutions of the Board of Management. Shares in Wereldhave are listed on the NYSE Euronext Amsterdam (AMX) stock exchange. The company has the fiscal status of an investment institution, so it pays no corporation tax in the Netherlands (other than for development activities in the Netherlands). Wereldhave is licensed pursuant to the Dutch Act on Financial Supervision. Its Belgian investments consist of a 69.21% interest in Comm. VA Wereldhave Belgium SCA., an investment company with variable capital listed on the Euronext Brussels stock exchange. The investments in France are subject to the SIIC (Sociétés d’Investissements Immobilières Cotées) regime; in the United States the investments are held in a REIT (Real Estate Investment Trust).

Share

Wereldhave is listed at the stock exchange of Amsterdam since 1946 (AMX). As at December 31, 2012, the total number of ordinary shares in issue amounted to 21,679,608 and there were 10 priority shares A in issue. No preference shares or priority shares B were in issue.

Share ownership is spread among institutional and private investors, both in the Netherlands and abroad. As at 31 December 2012, Wereldhave had no shareholders with an interest of more than 5%. The free float of the ordinary shares is 100%.

Establishment, legal form and articles of association
Wereldhave was established according to Dutch Law on May 30, 1930. The Company is an investment company with variable capital. The articles of asociation were amended last by deed of 19 April 2011, by R.J.J. Lijdsman, civil law notary at Amsterdam. Wereldhave’s established address is at The Hague, registered at the Trade Registry of the Chamber of Commerce, The Hague under number 27083420.

As of April 28, 2006, Wereldhave holds a license for the requesting or obtaining of money or goods or the offering of participations as defined in the Dutch Financial Supervision Act (Wet op het financieel toezicht (Wft)) and is registered in the registry as defined in article 1:107 Wft.

Wereldhave has the status of a fiscal investment institution as defined in article 28 of the Corporation Tax Act 1969 (Wet op de vennootschapsbelasting 1969). This implies that under certain conditions no corporation tax is payable.

Property valuation

Wereldhave values its properties at market value, less transaction costs. The entire portfolio is valued each quarter. The entire portfolio is valued externally by independent valuers as at 30 June and 31 December, in principle in every country by two different valuers.