Wereldhave Belgium CVA REIT | REIT Profile

Symbol: WEHB
Exchange: EURONEXT
Founded: 1930 (94 years)
HQ: Belgium
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office, Retail

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About Wereldhave Belgium CVA REIT

Wereldhave Belgium is a public regulated real estate company with a focus on commercial property in Belgium. Wereldhave Belgium targets its new investments on shopping centres. The value of the real estate portfolio, including project developments, amounted to € 853.6 m on 31 December 2017. On 31 December 2017 the existing operational shopping centre portfolio amounted to € 683.0 m (around 86% of the total portfolio, excluding project developments) and it includes shopping centres in Liège, Nivelles, Tournai, Ghent, Genk, Waterloo and Kortrijk. In addition, the portfolio of real estate investments includes offices in Brussels, Vilvoorde and Antwerp. As of 31 December 2017 the development portfolio of € 66.8 contained land holdings and realised investments that relate to the refurbishment and/or expansion of shopping centres in Tournai, Waterloo and Liège. Since 27 October 2014, Wereldhave Belgium has been a public regulated real estate company (RREC). The RREC is governed by the provisions in the Royal Decree of 13 July 2014 and the Act of 12 May 2014. The RREC has been authorised by and registered with the Financial Services and Markets Authority since 22 September 2014. Wereldhave Belgium has the tax status of an RREC and therefore does not pay any corporation tax, except for any extraordinary or favourable benefits and rejected expenditure. Wereldhave Belgium Services N.V., a 100% subsidiary of Wereldhave Belgium, acts as a real estate manager for the real estate investment portfolio. The Wereldhave Belgium shares are traded on the Euronext stock market in Brussels. On 31 December 2017, Wereldhave N.V., Schiphol, retained 69.58% of the shares, directly or indirectly.


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Last updated: 2024-03-18 - v4.8