Wereldhave

What Wereldhave does

Wereldhave N.V. is a Dutch publicly-listed closed-end real estate investment company founded in 1930 and listed on Euronext Amsterdam since 1946. The company owns and operates a focused portfolio of 22-23 "Full Service Centers" (convenience-oriented shopping centers) across four northwest Continental European countries: the Netherlands, Belgium, Luxembourg, and France. Its LifeCentral strategy deliberately transforms traditional shopping centers into mixed-use destinations combining groceries, fashion, food and beverage, leisure, health and beauty, and public services, targeting urban catchment areas with at least 100,000 residents within a 10-minute drive and generating over 100 million annual visitors.

The company's core product is the Full Service Center concept, delivered through directly owned and in-house-managed physical retail real estate (rather than through intermediaries or franchise). Key tenant categories include food retail anchors (Albert Heijn, Jumbo, Carrefour, Delhaize), fashion (H&M, C&A, Primark, HEMA, Action, Decathlon), electronics (MediaMarkt), and emerging service layers (Amazon Lockers, ViaTim parcel points, Statiegeld Nederland recycling, plus health partners such as Starlet, Fysiobase, The Health House, and Medi-Market). Wereldhave also acts as asset, property and leasing manager for one JV asset (Stadshart Zoetermeer, co-owned with Sofidy). The operating geography is supported by regional subsidiaries, including a 69%-owned Belgian listed entity (Wereldhave Belgium Comm. VA on Euronext Brussels) and Wereldhave Management France S.A.S.

Wereldhave generates the majority of its income through recurring rental streams from its owned and managed retail property portfolio, supplemented by one-time proceeds from strategic property disposals under a capital rotation program. The company holds fiscal investment institution status in the Netherlands, regulated SIR/GVV status in Belgium, and SIIC status in France, creating a multi-jurisdictional tax-efficient structure. Financings are executed through bank debt, USPP and EUPP private placements, syndicated revolving credit facilities, and equity rights issues. Investors include institutional and private shareholders holding 46,896,746 ordinary shares (no preference shares outstanding as of May 2026); the company has no parent and operates with an anti-takeover foundation structure.

Name

Wereldhave

Legal name

Wereldhave N.V.

Website

https://wereldhave.com

Company type

Public

Founded year

1930

Operating status

Operating

Headcount range

101–250 employees

Short description

Wereldhave N.V. is a Dutch publicly-listed REIT (Euronext Amsterdam) that owns and operates 22-23 Full Service Centers across the Netherlands, Belgium, Luxembourg and France, leasing retail, F&B, leisure and health space to anchor tenants and serving over 100 million annual visitors in urban catchment areas.

Ownership category

akta.pro rank

Product category

Retail Real Estate Investment

NAICS

General Warehousing and Storage (49311), Office Administrative Services (5611)

SIC

Real Estate Dealers (For Their Own Account) (6532), Public Warehousing & Storage (4220)

akta.pro primary industry

Reuse & Resale / Recommerce Operations (EUAIANAC)

akta.pro secondary industries

Returns Processing Centers (Reverse Logistics) (TLALADAG), Leasing, Rental & Product-as-a-Service (PaaS) Enablement (EUAIANAI)

Keywords

• Retail real estate investment
• Shopping center operations
• Commercial property leasing
• Full service centers
• Convenience retail assets

Headquarters

HQ city

Schiphol

HQ country

Netherlands

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Rental Income from Commercial Properties: Wereldhave generates revenue primarily through rental income from its portfolio of shopping centers and Full Service Centers across the Netherlands, Belgium, Luxembourg, and France. The company acts as owner-operator, collecting rent from tenants including retailers, food & beverage operators, health services, and leisure providers.
2. Property Disposal and Capital Rotation: The company generates one-time proceeds from strategic property disposals as part of its capital rotation strategy, selling non-core assets to fund acquisitions and optimize portfolio composition.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Wereldhave owns, operates, and manages a portfolio of approximately 22-23 Full Service Centers across the Netherlands, Belgium, Luxembourg, and France, combining grocery retail, fashion, food and beverage, leisure, health and beauty, and public services into one-stop urban destinations. Revenue is generated primarily through rental income from leases with retail and service tenants, with additional income from property disposals as part of an active capital rotation strategy. The LifeCentral strategy guides ongoing transformation of these centers using smart concepts and digital services.

Differentiator

Problem solved

Functional benefit

Brands

• Full Service Center: The company's core concept for shopping centers - one-stop destinations where people can shop, enjoy leisure time, meet, take care of their health, and manage their everyday needs. These centers combine retail, food & beverage, leisure, health & beauty, and services.

Products and services

• Full Service Centers (Wereldhave portfolio)
• A Better Tomorrow Sustainability Program

Quantifiable outcome

• 98% occupancy rate - highest since 2013
• +4 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered minor and core.

• Crossroads Real EstateminorStrategic or Co-development Partner · 9 April 2026Crossroads Real Estate advised a group of investors who sold a 3,340 m² retail unit in shopping center Overvecht, Utrecht to Wereldhave. The unit is currently let to HEMA. Financed through contribution in kind with 237,018 newly issued Wereldhave N.V. shares.
• ViaTimcoreGTM or Marketing Partner · 8 April 2026ViaTim operates The Point service points in Wereldhave centers, providing parcel pickup and delivery services, information, gift card sales, and additional facilities like photo services and wheelchair lending. Currently operational in Vier Meren Hoofddorp and other Wereldhave locations in Netherlands and Belgium.
• Statiegeld NederlandminorGTM or Marketing Partner · 8 April 2026Statiegeld Nederland provides bulk bottle and can return machines (bulkmachines) installed in The Point service locations in Wereldhave centers, enabling visitors to return up to 100 bottles and cans at once, supporting sustainability initiatives.
• AmazoncoreGTM or Marketing Partner · 2 April 2026Amazon and Wereldhave partnership introduces the first Amazon Lockers in the Netherlands in Wereldhave Full Service Centers. The lockers provide convenient parcel pickup and returns for consumers, enhancing the service offering of the shopping centers. Lockers installed in Stadshart Zoetermeer, Middenwaard Heerhugowaard, Eggert Purmerend, Koperwiek Capelle aan den IJssel, Cityplaza Nieuwegein and Vier Meren Hoofddorp.
• EquilisminorStrategic or Co-development Partner · 11 March 2026Equilis, acting on behalf of Fidagh SA, sold a supermarket anchor unit in shopping center Ville2 in Charleroi to Wereldhave Belgium. The acquisition was financed through contribution in kind with 263,061 newly issued Wereldhave N.V. shares.
• SofidycoreStrategic or Co-development PartnerStadshart Zoetermeer is owned in partnership with Sofidy. Wereldhave acts as asset, property, and leasing manager of the center. The shopping center comprises ca. 59,000 m² GLA with over 110 tenants and attracts over 8 million visitors annually.
• Freshfields Bruckhaus DeringerminorImplementation/ SI/ Consulting PartnerFreshfields advised Wereldhave on the €250 million sustainability-linked Revolving Credit Facility refinancing transaction.
• Hogan LovellsminorImplementation/ SI/ Consulting PartnerHogan Lovells advised the lenders (ABN AMRO, ING Bank, and Rabobank) on the €250 million sustainability-linked Revolving Credit Facility refinancing.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Unibail-Rodamco-Westfield: Europe's largest listed retail REIT, owner-operator of flagship shopping centers across Continental Europe. Overlaps with Wereldhave's convenience-center thesis but operates at much greater scale and includes office and convention assets. Comparable as a Benelux/French peer with shared executive alumni.
• Redevco: Private Dutch retail real estate investor and asset manager with Benelux and European portfolio. Comparable as a Dutch-headquartered retail real estate peer, though privately held and family-owned (COCORP), focused on high-street and retail park assets.

Direct peers

• Klépierre: French-listed pan-European shopping center REIT with major presence in France, Benelux, Italy, and Central Europe. Directly comparable business model (owner-operator of regional shopping centers), overlapping geography (France, Belgium, Netherlands), and similar capital structure.
• Eurocommercial Properties: Dutch-listed shopping center REIT focused on Italy, France, and Spain. Closest peer by size, structure, and strategy - both specialize in convenience shopping centers in NW Continental Europe and operate similar full-service center concepts.
• Carmila: French-listed REIT (Carrefour spin-off) that owns and operates shopping centers anchored by Carrefour hypermarkets across France, Spain, and Italy. Comparable owner-operator model with grocery-anchored convenience centers, directly relevant for benchmarking French operations.
• Mercialys: French-listed retail REIT focused on shopping centers, particularly around Casino group supermarkets. Comparable French retail real estate operator with similar anchor-tenant-led strategy, though slightly different geographic and tenant profile.
• Hammerson: UK-listed retail REIT operating premium shopping centers and retail parks across UK, France, and Ireland. Comparable as a European retail real estate specialist, though more focused on premium/larger destinations than Wereldhave's convenience thesis.
• Citycon: Finnish-listed shopping center REIT operating convenience and community centers across Nordics and Baltics. Comparable owner-operator of community-anchored retail centers with similar mixed-tenant strategies, though focused on Nordic markets.

Regional players

• SES Spar European Shopping Centers: Austrian-based developer and operator of shopping centers in Central and Southeastern Europe. Comparable as a specialist shopping center developer/operator with shared convenience-center positioning, though focused on Central/Southeast European geographies rather than NW Continental Europe.

Others

• Corio (historical/Klépierre): Former Dutch shopping center REIT that merged into Klépierre in 2014. Historically the closest direct peer to Wereldhave in the Dutch/Benelux market with a nearly identical full-service-center strategy, providing a useful historical benchmark for Wereldhave's strategic positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/WereldhaveNV/featured
• LinkedInlinkedin.com/company/wereldhave
• Xx.com/WereldhaveNV

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries4 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wereldhave