(origineel Engelstalig persbericht)
Klépierre today announced it has completed the disposal of a portfolio of nine shopping centers located in the Netherlands to Wereldhave. Total consideration for the transaction including transfer duties is 770 million euros. The extension of City Plaza will be transferred later in 2015, once this development has been delivered.
As a result of the transaction, Klépierre operates a more cohesive shopping center portfolio in the Netherlands, refocused on affluent cities in the Randstad region (five assets representing a total value of 1.1 billion euros as of June 30, 2015).
The net cash proceeds to Klépierre will be mostly used to reimburse outstanding debt. The divestment has a limited dilutive impact on the 2015 net current cash flow, which has already been taken into consideration when Klépierre raised on July 29, 2015 its net current cash flow guidance for fiscal year 2015 to 2.15 euros per share.
Foto: City Plaza Nieuwegein © SCN
