Key Takeaways
- • Wereldhave N.V. sold Eggert Center, a Full Service Center in Purmerend, the Netherlands, to Transitions Europe, a French real estate investment fund managed by Arkéa REIM, for €62.8 million excluding transfer tax.
- • Wereldhave retains the asset, property and leasing management mandate for Eggert Center, marking its second management partnership in the Netherlands after the 2025 Stadshart Zoetermeer joint venture with Tikehau Capital.
- • The transaction closed on 30 October 2026 at a price around the asset's latest book value, reflecting a net initial yield of around 7%.
- • Proceeds, together with the sale of retail park De Mael in Bruges, are expected to reduce Wereldhave's net loan-to-value ratio by approximately 250bps compared with 30 June 2026.
- • Wereldhave maintains FY 2026 guidance for direct result per share of €1.85-1.95 following both transactions.
Summary
Wereldhave N.V. has announced the sale of Eggert Center, a Full Service Center in Purmerend, the Netherlands, to Transitions Europe, a French real estate investment fund managed by Arkéa REIM, for €62.8 million excluding transfer tax, according to a company press release. The transaction closed on 30 October 2026. The price is around the asset's latest book value and reflects a net initial yield of around 7%.
Following the sale, Wereldhave will continue as full-service asset, property and leasing manager for the center through its Dutch asset management platform and its LifeCentral strategy. The company described the mandate as its second management partnership in the Netherlands, following the 2025 joint venture with Tikehau Capital for Stadshart Zoetermeer. The arrangement forms part of Wereldhave's capital rotation program, which aims to expand its third-party management platform while requiring a lower capital commitment.
Eggert Center is a shopping center of approximately 20,700 m² GLA with 55 stores in central Purmerend, a growing city in the Amsterdam metropolitan area. Anchor tenants include Albert Heijn, Basic-Fit, C&A, HEMA, H&M, Jumbo and Rituals, and the center attracts approximately 4.4 million visitors a year. Wereldhave acquired the property in 2010 and subsequently redeveloped it into a Full Service Center.
Proceeds from the sale will strengthen Wereldhave's balance sheet. Combined with the proceeds from the sale of retail park De Mael in Bruges, the company expects its net loan-to-value ratio to fall by roughly 250bps compared with 30 June 2026. Wereldhave is also pursuing several acquisition opportunities in Belgium as part of its capital rotation program. The company maintains its FY 2026 direct result per share guidance of €1.85-1.95.
CEO Matthijs Storm said: "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 our ability to deliver value through our Dutch management platform."
Following the sale, Wereldhave will continue as full-service asset, property and leasing manager for the center through its Dutch asset management platform and its LifeCentral strategy. The company described the mandate as its second management partnership in the Netherlands, following the 2025 joint venture with Tikehau Capital for Stadshart Zoetermeer. The arrangement forms part of Wereldhave's capital rotation program, which aims to expand its third-party management platform while requiring a lower capital commitment.
Eggert Center is a shopping center of approximately 20,700 m² GLA with 55 stores in central Purmerend, a growing city in the Amsterdam metropolitan area. Anchor tenants include Albert Heijn, Basic-Fit, C&A, HEMA, H&M, Jumbo and Rituals, and the center attracts approximately 4.4 million visitors a year. Wereldhave acquired the property in 2010 and subsequently redeveloped it into a Full Service Center.
Proceeds from the sale will strengthen Wereldhave's balance sheet. Combined with the proceeds from the sale of retail park De Mael in Bruges, the company expects its net loan-to-value ratio to fall by roughly 250bps compared with 30 June 2026. Wereldhave is also pursuing several acquisition opportunities in Belgium as part of its capital rotation program. The company maintains its FY 2026 direct result per share guidance of €1.85-1.95.
CEO Matthijs Storm said: "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 our ability to deliver value through our Dutch management platform."
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