SYDNEY: Unibail-Rodamco-Westfield (URW) today has acquired a 38.9% stake in URW Germany GmbH (URWG) and its related entities from its joint venture partner Canada Pension Plan Investment Board(CPP). The acquisition is an off-market transaction, in the context of an existing shareholders’ agreement and increases URW’s stake in URWG to 89.9%. Both partners retain the option…
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Unibail-Rodamco-Westfield to sell Almere Centrum in The Netherlands for €155mn
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…
Unibail-Rodamco-Westfield to sell Solna Centrum SEK 2.8bn
AMSTERDAM: Unibail-Rodamco-Westfield (URW) announced an agreement for the sale of Solna Centrum, in Stockholm, for an agreed total acquisition cost of SEK 2.8 billion (c. €272 Mn), which represents a premium to the last appraised value. The purchaser is Alecta Fastigheter, a wholly owned subsidiary of the major Swedish pension fund Alecta, and the transaction…
Unibail-Rodamco-Westfield partners AXA IM to develop Triangle Tower in Paris
AMSTERDAM: Unibail-Rodamco-Westfield (URW) signed a co-investment partnership with AXA IM Alts, for the Triangle Tower, a major new development in Paris. Designed by Jacques Herzog and Pierre de Meuron, winners of the prestigious Pritzker Prize, the Triangle Tower creates a significant, lively urban space for Parisians, linking to the city of Issy-les-Moulineaux, and contributing to…
Unibail-Rodamco-Westfield scores “B” and stands out as industry leader for its ESG practices in ISS 2020 rating
PARIS: Unibail-Rodamco-Westfield (URW) is once again recognized as a global leader on Environmental, Social and Corporate Governance (ESG), achieving a score of “B” from 155 (Institutional Shareholder Services group of companies) for its ESG practices in June 2020. This is an exceptional rating level among the real estate industry companies assessed worldwide, and the best…