02:48 AM EDT, 10/30/2026 (MT Newswires) -- Eurocommercial Properties (ECMPA.AS, ECMPM.MI) agreed to acquire the Les Grands Prés shopping center in Mons, Belgium, from Union Investment for 265 million euros, including repayment of a shareholder loan. The transaction is expected to close by Nov. 4, according to a Thursday release. The property investor will finance the purchase through an accelerated bookbuild offering of 5.2 million new shares to institutional investors, along with existing funds and credit facilities. Following the acquisition and equity issue, the company expects its net loan-to-value ratio to increase to 42.1% from 41.5%. The final price and number of shares will be determined after the bookbuild, with results expected before Euronext Amsterdam opens on Friday. Settlement is expected around Nov. 3.

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