Wereldhave sells Koningshoek and arranges new financing

Wereldhave N.V. announces today it has sold its shopping center Koningshoek in Maassluis and has arranged a new green financing facility. Both transactions combined extend the available liquidity to cover for all debt maturities from Q3 2022 to Q3 2023.

Shopping center Koningshoek in Maassluis was sold for a total gross amount of € 47m. This is slightly above the book value per year-end 2020. During 2020, the value decline of this asset was less than the average value decline of the whole of Dutch portfolio. This strengthens our view that the devaluation for our Dutch shopping center portfolio is starting to bottom out.

A new € 120m green revolving credit facility with a maturity of three years has been arranged with ABN AMRO. It will be used to replace the facility that was issued last year at similar margins.

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