AMSTERDAM: Unibail-Rodamco-Westfield (URW) announced an agreement with a group of private investors led by the UMB Group for the sale of Almere Centrum in The Netherlands.

The Net Disposal Price of €155 Mn is in line with the last appraisal value. Almere Centrum is an 87,000 sqm high-street retail asset located in the city centre of Almere.

The transaction is expected to complete before the end of July, subject to standard closing conditions. Upon closing, URW will have completed €2.7 Bn of its planned €4 Bn European disposal programme.

Unibail-Rodamco-Westfield is a dynamic, global developer and operator of Flagship Destinations, with a portfolio valued at €54.5 Bn as at December 31, 2021, of which 86% in retail, 6% in offices, 5% in convention & exhibition venues and 2% in services. Currently, the Group owns and operates 84 shopping centres, including 53 Flagships in the most dynamic cities in Europe and the United States. Present on 2 continents and in 12 countries, Unibail-Rodamco-Westfield provides a unique platform for retailers and brand events and offers an exceptional and constantly renewed experience for customers.

Unibail-Rodamco-Westfield stapled shares are listed on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW), with a secondary listing in Australia through Chess Depositary Interests. The Group benefits from a BBB+ rating from Standard & Poor’s and from a Baa2 rating from Moody’s.