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Wereldhave Expands Luxembourg Portfolio with Strategic Acquisitions

Story Highlights
  • Wereldhave and Wereldhave Belgium acquired two Luxembourg shopping centers for €167 million.
  • The acquisition supports Wereldhave’s strategy and boosts financial performance.
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Wereldhave Expands Luxembourg Portfolio with Strategic Acquisitions

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Wereldhave NV ( (GB:0NMR) ) has shared an announcement.

Wereldhave and Wereldhave Belgium have acquired two shopping centers in Luxembourg, Knauf Shopping Pommerloch and Knauf Shopping Schmiede, for a total of €167 million. This acquisition, aligned with their LifeCentral strategy, strengthens their Full Service Center portfolio and is expected to have an accretive impact on the company’s financials, including an increase in direct result per share, thereby enhancing their market positioning.

More about Wereldhave NV

Wereldhave is a company that operates Full Service Centers, which are one-stop locations offering groceries, shopping, leisure, relaxation, sports, health, work, and other daily needs. They focus on enhancing everyday life for visitors and improving business for tenants, while investing sustainably to benefit communities and the environment. Wereldhave’s centers are located in leading regional cities in the Netherlands, Belgium, and France.

YTD Price Performance: 16.63%

Average Trading Volume: 4,647

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €700.6M

For an in-depth examination of 0NMR stock, go to TipRanks’ Stock Analysis page.

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