General Profile Wereldhave Belgium is a listed investment company with a focus on commercial real estate in Belgium. For its new investments, Wereldhave Belgium focuses on shopping centres. The value of the investment properties portfolio, including development properties, amounts to € 595.5 mln. The existing operating retail portfolio of € 380.9 mln (75% of the total portfolio) contains shopping centres in Liège, Nivelles, Tournai and Genk. In addition, the portfolio investment properties contains offices in Brussels and Antwerp. The development portfolio of € 90.2 mln comprises the ground positions and the realised investments relating to the restructuration and/or extensions of shopping centres in Genk, Ghent, Tournai and Waterloo. Wereldhave Belgium wants to create value by actively managing shopping centres and (re)developing shopping centres for its own portfolio. Via its own employees, Wereldhave Belgium maintains direct contact with the tenants. That way, Wereldhave Belgium is immediately aware of the concerns of its tenants and has recent market information at hand. This knowledge is also used when developing other projects. Structure Wereldhave Belgium has been a Real Estate Investment Fund (Sicafi) since 15 January 1998. The fund is governed by the Royal Decree of 7 December 2010 and by the law of 3 August 2012 and is recognized as such by the Financial Services and Markets Authority. The company has the fiscal status of a Real Estate Investment Fund and is, therefore, not subject to corporate tax, except on possible exceptional profits and on disallowed expenditures. Wereldhave Belgium Services SA, a wholly-owned subsidiary of Wereldhave N.V., acts as real estate manager of the investment properties portfolio. Wereldhave Belgium shares are traded at the NYSE Euronext continuous stock exchange in Brussels. Wereldhave N.V., The Hague, held 69.41% of the shares directly or indirectly at 31 December 2013. Property valuation Wereldhave Belgium values its properties at market value, less transaction costs. The portfolio investment properties is valuated externally every three months by independent real estate experts. Financial position Wereldhave Belgium has solid balance sheet ratios. With a debt ratio of 20.6% (statutory 20.6%) and a solvency of 78.3%, Wereldhave Belgium is one of the most solid property funds listed in Europe. Comm. VA Wereldhave Belgium SCA Medialaan 30/6, B-1800 Vilvoorde T: +32.2.732 19 00 F: +32.2.732 21 80 Company number: 0 412.597.022 VAT: BE 0 412.597.022 General Strategy Decision-making entities Organisation and address Profile Corporate Governance Contact Frequently asked questions Download logo Language:EN HOME ABOUT US OUR ACTIVITIES RESPONSIBILITY INVESTORS AND MEDIA FINANCIAL CALENDAR Print page Index Disclaimer