The Hague -- (MARKET WIRE) -- January 15, 2007 --Additional info: 2nd paragraph purchase price Pittsburgh amounts to USD 12,000,000.
On January 12, 2007 Wereldhave completed the sale of the office building 'Three Penn Center' located at 1515 Market Street, Philadelphia, United States. The proceeds of the sale amounted to USD 76,000,000, which is approximately USD 4,000,000 above the book value as at December 31, 2006. The 47,161m2 Three Penn Center was built in 1956 and renovated in 1992.
Wereldhave also completed the sale of an office building in Pittsburgh, United States on January 4, 2007, for an amount equal to the book value as at December 31, 2006. This 9,784 m2 office building was built in 1989.
With these property disposals Wereldhave is concentrating its US portfolio in the areas around Washington and in Texas (Austin, Dallas and San Antonio). Wereldhave is also looking to expand its portfolio on the West Coast (San Diego and surroundings). The disposals are in accordance with Wereldhave's policy of continuous portfolio renewal, involving the replacement of older properties by new property investments.
The Hague, January 15th, 2007 Board of Management Wereldhave N.V.
For further information:
Wereldhave N.V.
Richard W. Beentjes
Tel. + 31 70 346 93 25
Information for analysts:
Wereldhave N.V.
Charles F. Bloema
Tel. + 31 70 346 93 25
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