Brief: Wereldhave Belgium Acquires Retail Parks In Brugge And Turnhout

Wereldhave Belgium NV

19/10/2018 07:08

Oct 19 (Reuters) - WERELDHAVE BELGIUM COMM VA  WEHB.BR :
    * REG-WERELDHAVE BELGIUM: ACQUISITION RETAIL PARKS
    * AGREEMENT REGARDING THE ACQUISITION IN CASH OF A RETAIL
PARK IN
BRUGGE-SINT KRUIS
    * AGREEMENT REGARDING CONTRIBUTION IN KIND OF A RETAIL PARK
IN
TURNHOUT AGAINST NEW WERELDHAVE BELGIUM SHARES
    * REMUNERATION THE CONTRIBUTION OF THE ASSET IN TURNHOUT,
THE
COMPANY WILL ISSUE 372,708 NEW SHARES AT AN ISSUE PRICE OF €
88.92 PER SHARE
    * BOTH SITES WILL APPROXIMATELY CONTRIBUTE TO € 4.6 MILLION
INTO
THE NET RENTAL INCOME OF THE COMPANY ON AN ANNUAL BASIS
    * BOTH TRANSACTIONS ARE EXPECTED TO BE COMPLETED BY THE END
OF THE
YEAR
    * POSITIVE IMPACT ON THE EPRA EARNINGS PER SHARE ESTIMATED
AT €
0.25 ON AN ANNUAL BASIS
    * BOTH TRANSACTIONS WILL HAVE A POSITIVE IMPACT ON THE EPRA
EARNINGS PER SHARE ESTIMATED AT € 0.25 ON AN ANNUAL BASIS
    * VALUE OF TWO ASSETS SET AT € 40.0 MILLION FOR SITE IN
BRUGGE AND
€ 33.1 MILLION FOR TURNHOUT

Source text for Eikon:  ID:nGNENjGST 
Further company coverage:  WEHB.BR 

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