Dutch company to consider UK pull-out

Dutch listed real estate company Wereldhave is to consider whether to further reduce the international markets in which it operates.

Reporting its results for the third quarter of 2012, Wereldhave announced it had completed the action plans for its shopping centres in the UK. 'Wereldhave is currently considering the follow-up of these plans. All strategic options will be considered and at the end of 2013, Wereldhave will evaluate its presence in the UK,' The company said.

Wereldhave also reported that the sale of its US portfolio was going according to plan and that it expected to complete its exist from the market by end-2013.

The company has focused on shopping centres in The Netherlands, Belgium, Finland and the UK, and on offices in Paris and Madrid. It also has offices and residential projects in Washington DC, Texas and San Diego in the US.

Wereldhave's total portfolio was valued at EUR 2.9 bn at end-September 2012.