Wereldhave enters growth phase with the acquisition of six shopping centres in France for €850 million

• Modern and high quality portfolio, net initial yield of 5.5 %, good upside potential
• Portfolio provides instant critical mass in French retail market
• Acquisition is immediately EPS accretive
• Excellent fit with current portfolio: building the leading specialist in mid-sized shopping centres
• Transaction to be financed via rights issue of up to € 550 million, existing debt facilities and cash; the rights issue is subject to shareholder approval
• Conservative balance sheet maintained with LTV at 35% - 40%

Today, Wereldhave N.V. takes a decisive step towards realizing its strategy of becoming the leading specialist in mid-sized shopping centres in North-Western Continental Europe. The company announces that it has entered into an agreement with Unibail-Rodamco SE pursuant to which Wereldhave is to acquire six shopping centres in France for a consideration of € 850 million. The portfolio consists of high quality midsized shopping centres with a net initial yield of 5.5%, contributing immediately to Wereldhave’s earnings. Wereldhave intends to finance the acquisition via a rights issue of up to € 550 million, available cash of circa € 150 million and existing debt facilities. The proposed rights issue will be submitted for approval to shareholders at an extraordinary general meeting which will be held on 28 November 2014 in Amsterdam.

Completion of the transaction is envisaged by the end of December 2014.

Attachments:

Prospectus 2014-12-01
Press Release Acquisition Shopping Centres France
Investor program
FAQ related to rights issue
FAQ related to rights issue (in Dutch)