Wereldhave acquires shopping centre Vier Meren in Hoofddorp, The Netherlands

Wereldhave has reached agreement with Unibail-Rodamco on the acquisition of shopping centre Vier Meren in Hoofddorp, The Netherlands. The total purchase price amounts to € 147.5m, including transaction costs, reflecting a net initial yield of 5.8%. Vier Meren is a regionally dominant shopping centre in the city centre of Hoofddorp, approximately 20 km south-west of Amsterdam. The shopping centre was first opened in 2005 and forms part of a larger 74,000m2 inner city retail offer, serving a growing catchment area of 144,000 people - with an above-average income profile - within a ten minutes’ drive.