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Retail Estates sa
Major Shareholding Notification • Jul 9, 2025
3995_mrq_2025-07-09_52e86b70-99ca-4133-8849-79e2182f769b.pdf
Major Shareholding Notification
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PRESS RELEASE Regulated information Ternat, 9 July 2025, 7.00 a.m. CET
PUBLICATION OF A TRANSPARENCY NOTIFICATION
(ARTICLE 14, FIRST PARAGRAPH, OF THE BELGIAN ACT OF 2 MAY 2007 ON THE DISCLOSURE OF SIGNIFICANT PARTICIPATIONS)
TRANSPARENCY NOTIFICATION
1. SUMMARY OF THE NOTIFICATION
Retail Estates NV/SA announces having received on 4 July 2025 a transparency notification from BlackRock Inc., dated 3 July 2025, reporting that as a result of the acquisition of HPS Investment Partners, there is a change in BlackRock's group structure.
2. CONTENT OF THE NOTIFICATION
The transparency notification dated 3 July 2025 contains the following information:
1. Reason for the notification
Acquisition or disposal of the control of an undertaking that holds a participating interest in an issuer
2. Notification by
A parent undertaking or a controlling person
3. Persons subject to the notification requirement
| Name | Address (for legal entities) | ||
|---|---|---|---|
| BlackRock, Inc. | 50 Hudson Yards, New York, NY, 10001, U.S.A. | ||
| BlackRock Advisors (UK) Limited | 12 Throgmorton Avenue, London, EC2N 2DL, U.K. | ||
| BlackRock Advisors, LLC | 50 Hudson Yards, New York, NY, 10001, U.S.A. | ||
| BlackRock Asset Management Canada Limited |
161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada |
||
| BlackRock Fund Advisors | 400 Howard Street, San Francisco, CA, 94105, U.S.A. | ||
| BlackRock Institutional Trust Company, National Association |
400 Howard Street, San Francisco, CA, 94105, U.S.A. |
| BlackRock Investment Management (Australia) Limited |
Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW 2000, Australia |
|---|---|
| BlackRock Investment Management (UK) Limited |
12 Throgmorton Avenue, London, EC2N 2DL, U.K. |
| BlackRock Japan Co., Ltd. | 1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan |
4. Date on which the threshold is crossed
1 July 2025
5. Threshold that is crossed (in %)
3%
6. Denominator
15.026.370
7. Notified details
| A) Voting rights | Previous notification | After the transaction | |||
|---|---|---|---|---|---|
| # of voting rights | # of voting rights | % of voting rights | |||
| Holders of voting rights | Linked to securities |
Not linked to securities |
Linked to securities |
Not linked to the securities |
|
| BlackRock, Inc | 0 | 0 | 0.00% | ||
| BlackRock Advisors (UK) Limited | 41,239168,640 | 223,163 | 1.49% | ||
| BlackRock Advisors, LLC | 1,682 | 1,423 | 0.01% | ||
| BlackRock Asset Management Canada Limited |
29,02428,036 | 26,486 | 0.18% | ||
| BlackRock Fund Advisors | 153,915 | 149,919 | 1.00% | ||
| BlackRock Institutional Trust Company, National Association |
118,220 | 120,454 | 0.80% | ||
| BlackRock Investment Management (Australia) Limited |
6,688 | 6,178 | 0.04% | ||
| BlackRock Investment Management (UK) Limited |
5,994 | 21,365 | 0.14% | ||
| BlackRock Japan Co., Ltd. | 544 | 544 | 0.00% | ||
| Subtotal | 483,718 | 549,533 | 3.66% | ||
| TOTAL | 549,533 | 0 | 3.66% | 0.00% |
| B) Assimilated financial instruments |
After the transaction | |||||
|---|---|---|---|---|---|---|
| Holders of assimilated financial instruments |
Type of financial instrument |
Expiration date |
Exercise period or date |
# voting rights that can be acquired when exercising the instrument |
% voting rights | Settlement |
| BlackRock Advisors (UK) Limited |
Securities Lent | 8,507 | 0.06% | physical | ||
| BlackRock Investment Management (UK) Limited |
Securities Lent | 634 | 0.00% | physical | ||
| TOTAL | 9,141 | 0.06% | ||||
| TOTAL (A & B) | # voting rights | % voting rights | |
|---|---|---|---|
| 558,674 | 3.72% |
8. Full chain of controlled companies through which the holding is effectively held
See attachment to this press release.
9. Related information
As a result of the acquisition of HPS Investment Partners, there has been a change to BlackRock's group structure. Upon the close of the transaction, BlackRock, Inc. contributed all of its equity interests in BlackRock Finance, Inc. and Global Infrastructure Management, LLC to BlackRock Saturn Subco, LLC, a wholly owned subsidiary of the Company.
The notification can be consulted on the website of Retail Estates NV/SA via this link: https://retailestates.com/en/investors/the-share/shareholding-structure-and-notifications
This press release can be consulted on the website of Retail Estates NV/SA via this link: https://retailestates.com/en/press-publications/press-releases
Attachement:
Full chain of controlled undertakings through which the holding is effectively held:
BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Lux Finco S.a.r.l. BlackRock Japan Holdings GK BlackRock Japan Co., Ltd.
BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Finance Europe Limited BlackRock Investment Management (UK) Limited
BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Australia Holdco Pty. Ltd. BlackRock Investment Management (Australia) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Institutional Trust Company, National Association
BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Fund Advisors
BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BlackRock Canada Holdings ULC BlackRock Asset Management Canada Limited
BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC
BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Finance Europe Limited BlackRock Advisors (UK) Limited
About Retail Estates nv
The Belgian public real estate investment trust Retail Estates nv (Euronext Brussels: RET) is a niche player specialised in making out-of town retail properties located on the periphery of residential areas or along main access roads to urban centres available to users. Retail Estates NV acquires these real estate properties from third parties or builds and commercialises retail buildings for its own account. A typical retail building has an average area of 1,000 m² in Belgium and 1,500 m² in the Netherlands.
As of 31 March 2025, Retail Estates nv has 1,023 rental units in its portfolio with a total retail area of 1,231,205 m², spread over Belgium and the Netherlands. The occupancy rate of the entire portfolio was 97.26% on 31 March 2025. The fair value of the consolidated real estate portfolio of Retail Estates nv on 31 March 2025 is estimated at € 2,069.54 million by independent real estate experts.
Retail Estates nv is listed on Euronext Brussels and Euronext Amsterdam and is registered as a public regulated real estate company.
Forward-looking statements
This press release contains a number of forward-looking statements. Such statements are subject to risks and uncertainties which may lead to actual results being materially different from the results which might be assumed in this press release on the basis of such forward-looking statements. Major factors that may influence these results include changes in the economic situation, commercial, tax-related and environmental factors.
Ternat, 9 July 2025
Jan De Nys, CEO of Retail Estates nv
More information: Jan De Nys, CEO – tel. +32 (0)2 568 10 20 of +32 (0)475 27 84 12 Kara De Smet, CFO – tel. +32 (0)2 568 10 20
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