Purchase in Villalba, Spain

Wereldhave NV 23 July 2007 On July 20, 2007, Wereldhave has purchased a retail- and leisurecentre in Spain in Collado Villalba, 41 kilometers northwest of Madrid. The Planetocio centre is situated next to the highway Madrid-La Coruna and was opened in 2001. It provides 22,666 m(2) lettable area with 980 parking spaces. The centre is divided into 93 units, spread over three floors, with a large supermarket, several fashion shops and restaurants, a cinema, a fitness centre and an indoor ice skating track. The branch mix consists of 36% shops, 33% leisure and 31% restaurants. The centre is almost fully let. Planetocio has a primary catchment area of 200,000 inhabitants. In the next decade, over 43,000 new homes will be built in this area. The purchase price amounts to €53 mln. The net initial yield amounts to 6.25%. This information is provided by RNS The company news service from the London Stock Exchange
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