Wereldhave sells Eggert Center in Purmerend to an Arkéa REIM fund, yielding 7%
The property company completed the sale of this shopping centre in Purmerend, Netherlands, on 30 October 2026 to Transitions Europe, a French real estate investment fund managed by Arkéa REIM (the real estate asset management company of Crédit Mutuel Arkéa). The transaction is part of the group's capital rotation programme.
A 55-store asset sold at around its last book value
Excluding transfer taxes, the sale price is around the asset's last book value. It implies a net initial yield of approximately 7%.
Acquired by Wereldhave in 2010, Eggert Center has since been redeveloped and converted into a "Full Service Center". It has approximately 20,700 m² of gross leasable area and 55 stores, welcomes around 4.4 million visitors per year, and its tenants include Albert Heijn, Basic-Fit, C&A, HEMA, H&M, Jumbo and Rituals.
A second third-party management mandate in the Netherlands
Following the transaction, Wereldhave remains the asset manager, property manager and leasing manager of the centre, through its management platform in the Netherlands. This is the group's second management partnership in the country, after the joint venture formed in 2025 with Tikehau Capital for Stadshart Zoetermeer.
According to the company, the transaction strengthens its third-party management platform, with a lower capital commitment. Matthijs Storm, Chief Executive Officer of Wereldhave, stated: "We are pleased that SCPI Transitions Europe, managed by Arkéa REIM, has chosen to retain Wereldhave as asset management partner for Eggert Center. This decision reflects confidence in our LifeCentral strategy and in our ability to create value through our Dutch management platform. It demonstrates that the expertise we have developed in managing Full Service Centers is also recognised by third-party investors."
Net LTV expected to decline by around 250 basis points, guidance maintained
The sale proceeds are expected to strengthen the group's balance sheet. Combined with the proceeds from the sale of the De Mael shopping park in Bruges, they will reduce the net loan-to-value ratio (net LTV) by approximately 250 basis points compared with 30 June 2026.
Still as part of its capital rotation, Wereldhave indicates that it is reviewing several acquisition opportunities in Belgium. Following these two disposals, the group has maintained its guidance for fiscal year 2026, namely a direct earnings per share between €1.85 and €1.95.
