@ Braams ter aanvullende info over de financieringskosten Wereldhave.
De Winkelcentra van Unibail die ze overnemen staan voor 9% leeg en dan toch nog een 5,5% aanvangsrendement, lijkt kansen te bieden.
Anderzijds is Unibail (wat alleen nog grootschalige centra wil) blij dat ze er van af zijn....
On July 27, 2014, Wereldhave completed a EUR 265m private placement in 7 notes with maturities ranging
from 7 to 15 years. The issuance was made through a private placement to 5 Institutional Investors with
maturities up to 15 years. The average interest costs of the notes is 2.9 %.
Wereldhave has taken the opportunity both to extend the maturity of its debt and to fix the interest. The
maturity of its debt increased from 3 years at the end of 2013 to 5.5 years with interest rates fixed for 95 % of
debt.
Nominal interest bearing debt was € 1,050m at 30 September 2014, which together with a cash balance of €
255m gives a net debt of € 795m. Total borrowing capacity amounted to € 653m and the Loan-to-value ratio
(based on the June 2014 portfolio valuations) decreased to 33.6% (June 30, 2014: 35.4%). As at 30 September
2014 the EPRA NAV per share (based on the June 30, 2014 valuations) was € 63.75 and the average cost of
debt and ICR were 2.6% and 6.5 respectively.