Dutch listed property company Wereldhave has sold three of the four remaining assets it held in the UK ahead of a pull-out from the market.
Dutch listed property company Wereldhave has sold three of the four remaining assets it held in the UK ahead of a pull-out from the market.
In an update on the third quarter of 2013 Wereldhave confirmed the completion of the sale of an office and retail development project in Richmond. The Dutch company also transferred two plots of land in Rushden.
The only remaining UK asset, a small plot of land in Rushden, will probably be sold during the last quarter, Wereldhave said.
Last February Wereldhave confirmed it was pulling out of the UK after selling the bulk of its portfolio in the market to British Land. The UK REIT paid £183.8 mln (€215 mln) for the assets.
Once the UK portfolio is sold in its entirety, proceeds from the disposals will amount to about £243 mln (€286 mln), 4% below the book value of £254 mln at end-September 2012.
Wereldhave focuses on shopping centres in North-West Europe and sustainable offices in Paris.
