Wereldhave Partners with Sofidy to Acquire Stadshart Zoetermeer
Deal News | May 26, 2025 | Globenewswire
Wereldhave and Sofidy (Tikehau Group) have entered a joint venture to acquire the Stadshart Zoetermeer shopping center in the Netherlands from Unibail-Rodamco-Westfield, marking Wereldhave's first joint venture. The acquisition, valued at €150 million (€165.6 million including transaction taxes), involves Wereldhave holding a 15% equity stake. The acquisition aligns with Wereldhave's strategic goals of value creation through its LifeCentral strategy, with Wereldhave managing the asset, property, and leasing aspects. The venture is financed partly by a green loan, aimed to improve Wereldhave's Direct Result Per Share. The shopping center includes over 110 tenants, features a diverse mix of retail offerings, and attracts about 8 million visitors annually. This partnership is a strategic move within Wereldhave's new management agenda, scheduled to close by mid-2025.
Sectors
- Real Estate Investment
- Retail
- Financial Services
Geography
- Netherlands – The shopping center Stadshart Zoetermeer is located in Zoetermeer, making the Netherlands central to this transaction.
- France – Sofidy is a part of the Tikehau Group, which is based in France and influences the financial and strategic oversight of Sofidy's activities.
Industry
- Real Estate Investment – The acquisition of Stadshart Zoetermeer involves activities related to real estate investment and asset management, as conducted by Wereldhave and Sofidy.
- Retail – Stadshart Zoetermeer is a mixed-use retail center, comprising a significant part of the acquisition and the primary focus of the investment.
- Financial Services – The transaction is partially financed by a secured green loan, indicating financial services involvement in the structuring and funding of the deal.
Financials
- €150 million, or €165.6 million including transaction taxes – The total purchase price for the Stadshart Zoetermeer acquisition.
- €0.04 annually – The positive impact on Wereldhave's Direct Result Per Share from the transaction.
- 40% loan-to-value – The percentage of the acquisition financed through a secured green loan from a Dutch bank.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wereldhave | Acquirer | Company | Wereldhave is a Dutch company engaged in real estate investment and asset management. |
| Sofidy (Tikehau Group) | Acquirer | Company | Sofidy, a real estate investment and asset management firm, is part of the Tikehau Group and participates in the joint venture. |
| Unibail-Rodamco-Westfield | Vendor | Company | A global commercial real estate company, selling the Stadshart Zoetermeer to the joint venture formed by Wereldhave and Sofidy. |