Emiclaer Shopping Center in Amersfoort. Credit: Wereldhave

Wereldhave sells shopping center Emiclaer in Amersfoort and Les Passages in Bordeaux

Wereldhave sells shopping center Emiclaer in Amersfoort and Les Passages in Bordeaux.

Wereldhave N.V. announces today that it has sold its 19,700 m2 shopping center Emiclaer in Amersfoort to Urban Interest and Les Passages Mériadeck in Bordeaux, a 7,350 m2 retail area to Vinci. Emiclaer was one of the Dutch assets earmarked for disposal within the LifeCentral strategy. The total gross amount for both transactions represents € 57m and were respectively closed on the 30th and the 29th of December 2020. The two transactions combined were executed at a disposal price close to book value per the end of December 2020.

Reducing financial leverage and preserving liquidity is a key priority for Wereldhave. The proceeds of these transactions will be used to repay debt. These disposals reduce the loan- to-value ratio of Wereldhave by approximately one percentage point, pro-forma Q3 2020

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