Shopping centres and retail parks investor Wereldhave Belgium has acquired the Ville2 shopping centre in Charleroi for 鈧�120m.
Euronext Brussels-listed Wereldhave Belgium is acquiring all the shares of La Soci茅t茅 G茅n茅rale Immobili猫re De Belgique, the company that owns the shopping centre, which has a gross leasable area of approximately 27,100sqm.
Wereldhave Belgium said the deal will be financed two-thirds through a capital increase, with the remaining one-third covered by already secured external bank financing.
The company added that this approach will keep its loan-to-value ratio stable, preserving capacity for further growth opportunities.
Nicolas Rosiers, deputy CEO of Wereldhave Belgium, said: 鈥淲e are particularly pleased to announce the successful acquisition of the Ville2 shopping centre.
鈥淭his acquisition once again strengthens our position in the Belgian retail market and marks a second major milestone in our strategic expansion.鈥�
Rosiers added that Ville2 fits perfectly within 鈥渙ur strict acquisition criteria and will not only contribute to our profitability but also create substantial long-term value鈥�.
Wereldhave Belgium was advised by and Liedekerke and the seller by Cushman & Wakefield, and Elegis.
Victoria Tanret, head of capital markets retail at Cushman & Wakefield Belgium, said: 鈥淭his transaction is historical, as it is the first sale of a core shopping centre on the Belgian retail market since many years. It demonstrates the resilience and long-term appeal of well-positioned retail assets in Belgium.
鈥淰ille2鈥檚 strong tenant mix, high footfall, and strategic location in Charleroi make it an exceptional investment opportunity.鈥�
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