Wereldhave Completes the Sale of Sterrenburg and the Acquisition of Ville2
The Dutch real estate group has announced the sale of a shopping center in the Netherlands for 60 million euros and the completion of the purchase of a Belgian asset, accompanied by new long-term financing.
Sale of Sterrenburg Full Service Center
Wereldhave has sold the Full Service Center Sterrenburg, located in Dordrecht, the Netherlands, to a fund managed by Pertinea, a Belgian real estate investment services company, according to the statement. The gross proceeds of the transaction amount to 60 million euros, excluding transfer duties, matching the book value of the asset. The transfer of ownership occurred on December 24, 2025. According to the group, this sale marks the completion of its planned divestment program in the Netherlands. The operation is part of the group's asset rotation strategy.
Acquisition of Ville2 Shopping Center
The group also announced that it has finalized the acquisition of the Ville2 shopping center in Charleroi, Belgium. The financing of this transaction was partially provided by raising 82 million euros of equity through a capital increase with preferential subscription rights, and by 40 million euros of new debt from main partner banks, the company indicates. The transfer of the asset occurred on December 17, 2025. According to the statement, this operation is an important step in the group's capital rotation strategy.
Securing New Financing
Wereldhave Belgium has secured 30 million euros through a private placement with Royal London Asset Management, with a duration of 10 years. Additionally, 55 million euros of existing bank credit lines with BNP Paribas Fortis and KBC, originally expiring in 2026 and 2028, have been extended until 2030 and 2031 respectively. These financing operations extend the average maturity of Wereldhave Belgium's debt to 4.2 years, from 3.2 years previously. Dennis de Vreede, the group's CFO, stated that these transactions mark the conclusion of a busy year, highlighting the sale of three Dutch assets and several accretive acquisitions in key markets, while maintaining a strong balance sheet.
