Wereldhave N.v. · EURONEXT:WHA
Wereldhave — Merger or Acquisition (November 2011)
16 slides from Wereldhave's merger presentation, Nov 17, 2011
Slide 1: Acquisition Ealing Broadway Shopping Centre
Acquisition Ealing Broadway Shopping Centre 17 November 2011
Slide 2: Ealing Broadway
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Slide 3: Andrew Turton, MD Wereldhave UK
Andrew Turton, MD Wereldhave UK Wereldhave Prop Man Co Ltd – 2 years Acquisition Dolphin Shopping Centre Poole Delancey Real Estate Asset Management - 5 years JV: Land Securities – Metro London Shopping Centre Fund Centres included: Southside, Wandsworth, London; N1 Centre, Islington, London; Victor
Slide 4: Transaction highlights
Transaction highlights • Acquisition of second shopping centre in the UK, Ealing Broadway, Greater London • Investment (including all costs) EUR 182.2 mln (GBP 155.5 mln) • Net initial yield 6.5% • Closing December 2011 • Sale of Towers Business Park, Manchester, UK • Divestment EUR 55.1 mln (GBP 47
Slide 5: Investment considerations
Investment considerations • Modern freehold shopping centre in London with strong and sizeable catchment • Attractive initial yield • Strong demographic population forecast to grow at above national average levels • Improving transport links with opening of Crossrail Stations in 2018 • Strong anchor
Slide 6: Property details
Property details • Shopping centre of 35,000 m² with 76 shops and 611 space multi storey car park • Anchored by Tesco, Marks & Spencer, Primark, H&M and Boots • Wereldhave acquires 28,200 m² with 61 shops, the car park and offices above the centre • 90% of shopping centre income from national multip
Slide 7: Location
Location • Located in the London Borough of Ealing on the western side of Greater London 8 miles west of Central London. • A desirable living area with excellent and improving transport links and communications with Central London. • Crossrail to provide 5 new mainline stations to the Borough of Eal
Slide 8: Strong catchment (FSP Research)
Strong catchment (FSP Research) • Resident population Borough of Ealing: 450,000 persons • Population forecast growth above national average (4.6% by 2015 & 6.9% by 2018) • Primary and secondary catchment area 235,000 persons • Regular Shoppers to Ealing Broadway 280,000 persons • 53% of the catchme
Slide 9: Catchment - FSP Research
Catchment - FSP Research Primary catchment: 94,000 Secondary catchment: 141,000 Tertiary catchment: 338,000 9
Slide 10: Competing Town retail provision
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Slide 11: Ealing Broadway footfall
Ealing Broadway footfall Footfall per annum X 1 mln 11
Slide 12: <= TAF Sete
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Slide 13: Store Plan Ealing Broadway
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Slide 14: UK Portfolio after transaction
UK Portfolio after transaction • UK portfolio size EUR 400 mln • 70% shopping centres • Remainder primarily London offices Wereldhave NV: 58% retail, 37% offices and 5% other 14
Slide 15: ah Sh FRAT =
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Slide 16: Investor relations
Investor relations: Charles Bloema/Jaap-Jan Fit tel: +31(0)703469325 investor.relations@wereldhave.com www.wereldhave.com