The sale is expected to complete in the first half of 2024, with proceeds to be used to repay debt.

The transaction is partially settled in 3,605,208 newly issued ordinary shares of Wereldhave N.V.

The airport has been losing money this year because of its significant debt which is affected by aggressive hikes in the cost of borrowing.

The new store spans in a total area of 2,800 sqm and offers 220 parking spaces.

The transformation balance sheet date for the purposes of the merger was set as at 30.06.2023.

The 12 suites of the new hotel combine neoclassical architecture with modern luxury.

The property's fair value was at €4.1 million as of June 30, 2023 and is free of debt.