Acquisition in Manchester

Wereldhave NV
01 September 2005


Purchase Towers Business Park, Didsbury, South Manchester

Wereldhave N.V. and the British property investor and fund manager Hermes have
reached agreement for the purchase and sale of the Towers Business Park in
Didsbury, South Manchester, United Kingdom. The investment amounts to GBP 83 mln
including costs. The net initial yield amounts to 6.25%. The transaction, which
will be completed today, is financed by debt.

Towers Business Park, located between the city centre of Manchester and
Manchester Airport, extends to a total of 27,084 sq m, arranged in nine office
buildings in a landscaped setting. The total site extends to 7.65 ha, providing
car parking for 972 cars. The business park is let to excellent covenants
including British Airways, Cisco, Logica, Honeywell, Abbey National, Thorn and
Regus.

At our website www.wereldhave.com pictures of the Towers Business Park can be
downloaded.

                      This information is provided by RNS
            The company news service from the London Stock Exchange