Eurocommercial Properties N.V. (ENXTAM:ECMPA) signed a binding contract to acquire Woluwe Shopping Centre in Brussels from Woluwe Shopping Center (ENXTBR:WOLS) for approximately €470 million on January 22, 2018. Eurocommercial Properties will finance the deal from proceeds of selected asset sales, totaling €180 million since September 2017 and a further €187 million agreed, and by an eighteen-month loan facility jointly provided by ABN AMRO and ING, 50% of which will convert to a seven year mortgage loan. The purchase is expected to be completed at the end of February 2018. Patrick Moermans and Antoni Slawecki of Banque Degroof Petercam SA acted as financial advisors and Stibbe B.V. Cvba acted as a legal advisor of Eurocommercial Properties N.V. Jan-Joost van Rijsbergen, Niek Groenendijk, Vincent Engel, Carl Meyntjens, Vincent Verkooijen, Martin Carlier of Simmson & Simmson acted as legal advisor to ABN Amro and ING on the financing of the acquisition by Eurocommercial Properties of the Woluwe shopping center.

Eurocommercial Properties N.V. (ENXTAM:ECMPA) completed the acquisition of Woluwe Shopping Centre in Brussels from Woluwe Shopping Center (ENXTBR:WOLS) on March 5, 2018.