Degroof Petercam (IMAP Belgium) acts as joint bookrunner in Wereldhave Belgium's inaugural green bond transaction

IMAP is pleased to announce that Degroof Petercam (IMAP Belgium) acted as joint bookrunner in Wereldhave Belgium’s inaugural €32 million green bond transaction.

Wereldhave Belgium N.V. is a Public BE-REIT (SIR/GVV) focusing on commercial property in Belgium. The value of the real estate portfolio, including project developments, amounted to €921.2 million on 31 December 2020. Concurrently, the existing operational retail portfolio amounted to €830.4 million (around 90% of the total portfolio), including shopping centers in Liège, Nivelles, Tournai, Genk and Kortrijk and retail parks in Brugge, Ghent, Turnhout, Waterloo and Tournai. In addition, the portfolio of real estate investments includes offices in Vilvoorde and Antwerp.

The issuance amounted to €32 million with a fixed coupon over a 5-year maturity (senior unsecured) and the issue bears an annual rate of 3.25%. The transaction was primarily offered to institutional investors.

The Degroof Petercam (IMAP Belgium) team, led by Erik De Clippel and Peter Van Raemdonck acted as joint lead manager and joint bookrunner to Wereldhave Belgium NV.

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