Wereldhave Belgium Sells De Mael Retail Park In Sint-Kruis (Bruges) And Strengthens Its Financial Position
PRESS RELEASE | Vilvoorde, 17 September 2026
Wereldhave Belgium has reached a conditional private sale agreement with a consortium of private investors for the sale of De Mael retail park in Sint-Kruis, Bruges. The transaction is in line with the company's strategic focus on dominant mid-sized shopping centers in Belgium and Luxembourg.
The selling price amounts to €49.2 million, excluding transfer tax, exceeding the asset's latest book value. The transaction reflects a net initial yield of 5.6%. The transfer of the asset is expected to take place in the second quarter of 2027 and has no impact on the previously communicated outlook for the 2026 financial year.
Since its acquisition in 2018, De Mael has undergone an extensive transformation, including renovations, investments in sustainability and mobility, and a strengthened tenant mix. Through the sale, Wereldhave Belgium realises the value built up at the site and strengthens its financial position to support further growth and pursue new investment opportunities.
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The full press release is available as an attachment.
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WHB_Press-release_Sale_DeMael
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