Wereldhave Belgium acquisition part of Kortrijk Ring Shopping Center

Wereldhave Belgium has reached agreement to acquire a part of the shopping centre "Ring Shopping Kortrijk Center" (11,000 m²), owned by Redevco. This acquisition is performed based on a net yield of 6.25%. The transfer is scheduled for mid-September 2014.

Luc Plasman, CEO Wereldhave Belgium, explains: "This acquisition fits perfectly into the strategy of Wereldhave Belgium to build a portfolio of shopping centers that are dominant in their catchment areas. By means of this acquisition, the share of shopping centers in the portfolio will increase to 83%."

Eric Van Dyck, CEO Redevco adds: "The disposal fits perfectly into the new dynamic approach of managing the portfolio of Redevco. We are therefore actively looking for opportunities to reinvest in Belgium."