During the second half of November 2004, Wereldhave completed the purchase of a shopping center in the United States. The shopping center ´Davenport Village´ in Austin, Texas, consists of 5 buildings, containing 44 shops totalling 11,891 m2.
The investment will provide a net yield of 7%. Parties have agreed not to disclose any details of the transaction. With this purchase Wereldhave has fulfilled its fiscal obligation to re-invest the proceeds of the sale of the 1910 Pacific Place office building in Dallas, Texas, earlier this year.