SOURCE: Wereldhave NV

October 04, 2007 02:15 ET

Wereldhave NV announces Disposal

The Hague--(Marketwire - October 4, 2007) - On October 3, 2007 Wereldhave completed the sale of the office building 'Winston Churchill Tower', located in Rijswijk near The Hague, The Netherlands. The proceeds of the sale amounted to EUR 43.6 mln, which results in a surplus on disposal of EUR 4.1 mln in 2007 (EUR 1.1 mln above the book value as at June 30, 2007). Wereldhave purchased the 23,163 m2 'Winston Churchill Tower' in 1974 and renovated the office building in 2002.

The disposal is in accordance with Wereldhave's policy of continuous portfolio renewal.



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