This acquisition further strengthens Wereldhave’s leading position in the Walloon region, where the company has been active for nearly 50 years. The total purchase price amounts to € 120m, reflecting a net initial yield of 8.0%. The transaction is expected to close in December 2025.
Matthijs Storm, CEO of Wereldhave and Wereldhave Belgium, states:
“This acquisition opportunity in Belgium, one of our core markets, marks an important next step in the growth phase of our LifeCentral strategy. Shopping center Ville2 fits our disciplined acquisition approach and delivers immediate earnings accretion. With its strong mixed-use tenant base and clear opportunities for value creation (vacancy reduction, improving other income and FSC transformation potential), Ville2 is a clear match for our Full Service Center portfolio. The center will be owned and managed by Wereldhave Belgium. Supported by our experienced local team, we are well positioned to further enhance the asset’s performance and long-term success.”
The Ville2
Wereldhave Belgium will acquire the shopping center Ville2 in Charleroi with a total gross leasable area of approximately 27,100 m². The center offers significant upside potential through transformation into a full-service center, reducing the current 8.5% vacancy and enhancing the center’s other income.
Ville2 welcomes around 4 million visitors per year and ranks 3rd in footfall density among all Belgian shopping centers. Several retail categories generate sales above € 5,000 per m². The center is anchored by C&A, Fnac, H&M, New Yorker, ONLY, Rituals, and Sports Direct with most tenants generating sales above the average of the current Wereldhave Belgium portfolio.
