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Unibail-Rodamco-Westfield (URW)

REITS / Office developer / Retail promoter

Last update July 27, 2022 | Report an error

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Contributors

Pauline Arion

Directrice centre commercial Westfield Parly 2

Eugénie Baume

Responsable juridique locatif

Sandrine Berbel

Deputy Group Director of Tax

Edouard Beudin

Directeur commercial, Retail France

Olivier Bossard

Directeur général investissement - Membre du Senior Management Team

Pauline Arion

Directrice centre commercial Westfield Parly 2

Eugénie Baume

Responsable juridique locatif

Sandrine Berbel

Deputy Group Director of Tax

Edouard Beudin

Directeur commercial, Retail France

Olivier Bossard

Directeur général investissement - Membre du Senior Management Team

Marion Bourgeat

Directrice du centre V2 à Villeneuve d'Ascq

Léon Bressler

Chairman of the Supervisory Board

Benoît Catella

Manager Asset Management Retail France

Océane Chevalier

Investment Manager, Offices, Hotels, Mixed-use projects Europe

Guillaume Creuze

Structuring Manager

Sonia Daisay

Directrice commerciale adjointe Retail France

Olivier Delamarre

Directeur de centre

Camille Delomez

Shopping Center Manager Confluence

Gauthier Derache

Directeur du centre commercial de la Toison d'Or

Geoffrey Deshayes

Director of Operations, Retail France

Thibault Desmidt

Directeur des 4 Temps et du CNIT

Jérémy Desprets

Directeur du centre Westfield Euralille

Michel Dessolain

Directeur général Europe - Member of the Senior Management Team

Sophie Deville

Directrice du centre V2 à Villeneuve d’Ascq

Bruno Donjon de Saint Martin

Executive Managing Director Offices and European Investments

Paul Douay

Director of Operations Austria

Alexis Dubois

Directeur du développement

Colin Dyer

Member of the Supervisory Board

Vanessa Ekindjian-Echoukry

Director of Commercial partnerships Europe

Christophe Farbos

Directeur du dévelopement Retail France

Jean-François Focone

Group Director of Leasing, Offices

Susana Gallardo

Member of the Governance and Nomination Committee

Christophe Gomart

Group director of security and crisis management

Dominique Hautbois

Directeur des investissements et des extensions-rénovations

Marine Huet

Directrice d’opérations

Vincent Jean-Pierre

Managing Director, Offices France & Mixed-use Europe

Clément Jeannin

Directeur groupe du développement durable

Christi Karandikar

Directrice groupe des ressources humaines - Membre du comité exécutif

Vincent Labesse

Directeur groupe de la gestion de la performance

Jean-Jacques Lefebvre

Directeur général des grands travaux

Mohamed Madounari

Directeur de centre commercial Westfield Carré Sénart & Shopping Parc

Nicolas Menache

Senior CSR Environmental Manager

Marilyne Mesiano

Directrice Leasing Retail France

Sylvain Montcouquiol

Directeur général des fonctions centrales et du développement durable - Membre du directoire du groupe

Camille Morel

Head of Talent Acquisition and Learning France - HR Business Partner

Fabrice Mouchel

Group Chief Financial Officer

Roderick Munsters

Member of the Supervisory Board - Chairman of the Remuneration Committee

Jean-Baptiste Nicolas

Senior Design Manager

Xavier Niel

Member of the Remuneration Committee

Maarten Otte

Group Director of Investors Relations

Solène Poisson

Deputy Leasing Director, Offices

Caroline Puechoultres

Chief Customer Officer

Hugo Rey

Shopping Center Manager Westfield Forum des Halles

Damien Ribot

Directeur d'investissement et M&A groupe

Myf Ryan

Chief Marketing Officer Europe - Group Director of Brand and Strategic Marketing

Anne-Sophie Sancerre

Directrice générale des opérations Europe du Sud

Adrien Simon

Group Head of Internal and Editorial Communication

Barbara Somogyiova

Director International Leasing Europe

Jonathan Toulemonde

Directeur de Westfield Les 4 Temps

Jean-Marie Tritant

Président du directoire - Président directeur général du groupe

Julie Verjux

Shopping Center Manager Rosny 2

Amélie Volle

Directrice du centre commercial Aéroville

Charles Watine

Chief Financial Officer Southern Europe

Retail

Unibail-Rodamco-Westfield closes sale of northern France shopping centre

Unibail-Rodamco-Westfield is not losing its way. Still committed to a debt reduction plan, the commercial property group is expected to finalise the sale of the (...)

Retail

France's commercial property investment market is recovering (UP! Real Estate)

In a new study, UP! Real Estate reports that the retail property market has recovered in the first half of 2022 with €2.4bn of (...)

Listed

Unibail-Rodamco-Westfield indicators return to green in H1 2022

While Unibail-Rodamco-Westfield said at the beginning of the year that it was "still in an extremely difficult Covid-19 context", it seems that the Paris-based (...)

Territories

Police searches at the Paris City Hall concerning the Unibail's Triangle Tower

According to the latest news, the French National Financial Prosecutor's Office had entrusted the Triangle Tower affair to an investigating judge. The latter ordered (...)

Finance

Allianz provides URW a €400m loan to refinance Westfield Centro

Allianz Real Estate has provided a €400m sustainability loan for the refinancing of the Westfield Centro shopping centre, owned by Unibail-Rodamco-Westfield and CPP Investments, (...)

Office

Bain Capital moves into the Mercuriales towers

They tower 122 metres above the east of Paris. Located in Bagnolet, on the edge of the Parisian ring road, near the Auchan Bel (...)

Retail

"The Covid-19 crisis has underlined to retailers the central role of the physical shop"

Business Immo Global: How has the shopping centre industry fared during this period of crisis, starting with the Covid-19 crisis? What are the strengths (...)

Retail

URW seeks "reparation" for the Val Tolosa project

On 25 May, the Toulouse Administrative Court of Appeal annulled the third version of the building permit for the Val Tolosa shopping centre project, (...)

Career

Dimitri Boulte, new CEO of SFL

Chaired since last April by Pere Viñolas Serra, the Board of Directors of Société Foncière Lyonnaise (SFL), an affiliate of Spain's Colonial, has decided to appoint (...)

Retail

URW to roll out Westfield brand to three European flagship destinations

Paris-based global REIT/SIIC Unibail-Rodamco-Westfield announced today the rebranding of three Flagship centres, rolling out the Westfield brand to Parquesur in Madrid, Taby Centrum in Stockholm, (...)

Retail

Unibail-Rodamco-Westfield to sell Gera Arcaden for €116m

Unibail-Rodamco-Westfield (URW) has announced an agreement with an institutional investor for the sale of German shoping centre Gera Arcaden, located in Gera, south of Leipzig, for an agreed (...)

Listed

Unibail-Rodamco-Westfield wants to turn the American page by 2024

Unibail-Rodamco-Westfield is accelerating its exit from the United States and intends to refocus solely on Europe by 2024. Its chairman of the management board, (...)

Retail

Greater Geneva catches the eye of retail investors

The starting signal has been given. After years marked by appeals and questions linked to the health crisis, the shopping centre projects opposite Geneva (...)

Hospitality

Xavier Niel puts €200m on the table to buy the Lambert Hotel in Paris

Xavier Niel has set his sights on the Hôtel Lambert, located on the Île Saint-Louis in the 4th arrondissement of Paris. He is said (...)

Retail

URW sells 45% of €1bn stake in Westfield Carré Sénart shopping centre

Paris-based REIT/SIIC Unibail-Rodamco-Westfield has announced an agreement with insurance groups Societe Generale Assurances and BNP Paribas Cardif to sell a 45% stake in the Westfield Carré Sénart shopping (...)

Retail

Carré Sénart and O'Parinor shopping centres could change hands

These are two of the largest shopping centres in the Paris region. The first is owned by Unibail-Rodamco-Westfield, which is engaged in a major (...)

Career

Christophe Cuvillier takes over as Chairman of the Board of Directors of the SMCP Group

Christophe Cuvillier, the former CEO of Unibail-Rodamco-Westfield, has just been appointed Chairman of the Board of Directors of the SMCP Group. "I am very honoured (...)

Career

URW appoints Christi Karandikar as Group People Officer

Unibail-Rodamco-Westfield (URW) today announced the appointment of Christi Karandikar to the role of Executive Managing Director, Group People Officer and member of the Executive Committee.  Karandikar brings a wealth of international experience to (...)

Listed

The pandemic has not affected the SIICs' transparency in their financial communication (KPMG/FSIF)

KPMG and the  French listed property federation FSIF (Fédération des sociétés immobilières et foncières) have just published their traditional study on the financial communication of (...)

Retail

URW to sell Solna Centrum in Stockholm for €272m

Unibail-Rodamco-Westfield (URW) today announced an agreement for the sale of Solna Centrum, in Stockholm, for an agreed total acquisition cost of SEK2.8bn (c. €272m), which represents a premium to the (...)

Office

La Défense: URW welcomes Sopra Steria in the Trinity Tower

Unibail-Rodamco-Westfield (URW) is bending but not breaking. Shaken by the health crisis, the real estate company has embarked on a strategy of debt reduction (...)

Office

URW partners with AXA IM Alts to develop Paris 15th's Triangle Tower project

Unibail-Rodamco-Westfield (URW) announced today the signing of a co-investment partnership with AXA IM Alts, a global leader in alternative investments acting on behalf of clients, for the (...)

Listed

URW continues its deleveraging strategy and signs a lease in Trinity

As part of its Q3 2021* results presentation, Unibail-Rodamco-Westfield (URW) announced that it is continuing its deleveraging strategy. At the same time, the property (...)

Listed

URW: deleveraging as a guiding principle

More than ever, Unibail-Rodamco-Westfield (URW) remains committed to its goal of reducing its debt, whether through disposals, by reducing its investments or by suspending (...)

Office

URW to sell its Paris headquarters for €249m to French institutional investor

The headquarters of Unibail-Rodamco-Westfield (URW) had been on the market since the beginning of the year with the code name "ADN" for the sale. (...)

Retail

Unibail-Rodamco-Westfield renames La Part-Dieu centre in Lyon

Unibail-Rodamco-Westfield (URW) has announced that six additional assets in four European markets will be rebranded as "Westfield destinations" in September: La Part-Dieu in Lyon, (...)

Finance

French CRE investment in decline... temporarily?

Knight Frank reports on the French corporate investment market at the end of the second quarter of 2021. While the end of the crisis (...)

Office

Welkin & Meraki chooses the Trinity Tower in La Défense

Welkin & Meraki and Unibail-Rodamco-Westfield (URW) have announced that they have signed a lease for almost 3,500 sqm in the Trinity Tower in La (...)

Career

URW appoints Caroline Puechoultres as Chief Customer Officer

Unibail-Rodamco-Westfield (URW) has announced the appointment of Caroline Puechoultres as Chief Customer Officer, effective 15 July. The appointment is part of URW's overall strategy (...)

Listed

Unibail-Rodamco-Westfield announces €1.25bn bond placement

Paris-based global REIT/SIIC Unibail-Rodamco-Westfield has successfully priced a €1.25bn two-tranche senior bond offering, aiming to strenghten its liquidity position and extending the group’s debt maturity. The (...)

Listed

URW's turnover down 40.8% in Q1 2021

The proportionate turnover of URW for the first three months of 2021 amounted to €566.7m, down by -40.8% year-on-year, reflecting the impact of the (...)

Listed

Are SIICs inoculated against Covid-19? - iread

Stock market performance: glass half empty... Despite the vertiginous fall in share prices experienced by the entire stock market as soon as the health crisis (...)

Listed

Unibail-Rodamco-Westfield: Xavier Niel crosses the 15% threshold

Xavier Niel is continuing his rise in the capital of the listed property company Unibail-Rodamco-Westfield (URW). The founder and chairman of Iliad has declared (...)

Finance

French CRE investment down 48% in Q1 2021 - Knight Frank

According to Knight Frank France's latest survey of the French commercial property market, €4.7bn was invested in Q1 2021 - down 48% on Q4 (...)

Listed

Health crisis weighs on market values, but real estate retains strong returns - Views+s

Real estate is weathering the crisis. According to a study carried out by Views+s based on an analysis of the French assets of 23 (...)

Office

La Française REM and Perial AM buy office buildings in La Défense's "Les Villages de l'Arche" complex

La Française Real Estate Managers (REM) and Perial Asset Management have both acquired assets in La Défense's "Les Villages de l'Arche", both from Unibail-Rodamco-Westfield. La Française (...)

Career

David Morisi and Geoffroy de Sainte Marie join Colonies

French coliving operator Colonies has announced two new appointments. David Morisi becomes Chief Financial Officer (CFO) and Geoffroy de Sainte Marie Director of Development (...)

Retail

The French retail investment market remained active in 2020 — JLL

Like the investment market as a whole, the retail investment market recovered sharply at the end of the year, with almost €1.4bn committed in (...)

Listed

Debt, disposals, suspended dividend...: how URW will cope with the crisis

Exhausting: this is the most appropriate adjective to sum up the year 2020 at Unibail-Rodamco-Westfield (URW). In addition to the health crisis that is (...)

Office

URW will not move its headquarters to the Trinity tower in Paris La Défense

For several weeks now, there had already been rumours throughout Paris... The new management of Unibail-Rodamco-Westfield (URW) would not be moving its headquarters to (...)

Retail

Retail space openings in French malls fall by -49% in 2020 — C&W

As 2020 ended against a backdrop of recession (-9% for the GDP), a decline conditioned by the consequences of the Covid-19 on the country's (...)

Career

URW: Jean-Marie Tritant unveils a new organisation

Jean-Marie Tritant has just taken over as CEO of Unibail-Rodamco-Westfield, but he is already making his mark by reorganising the management of the listed property (...)

Retail

Wereldhave sells several centres in France and The Netherlands

Dutch REIT/SIIC Wereldhave has sold its shopping centres Emiclaer in Amersfoort (Netherlands) and Les Passages Mériadeck, in Bordeaux (France). The total gross amount of (...)

Office

URW to sell the Village 3, 4, and 6 office buildings in La Défense for €213m

Unibail-Rodamco-Westfield entered into separate agreements, throughout December, with several French institutional investors for the sale of the Village 3, 4 and Village 6 office (...)

Career

URW appoints Fabrice Mouchel as Group CFO

Following recommendation from Jean-Marie Tritant, current Group Chief Operating Officer and future Group CEO starting January 1, 2021, the Supervisory Board of Unibail-Rodamco-Westfield (URW) has (...)

Listed

Unibail-Rodamco-Westfield announces €2bn bond placement

URW has successfully priced a €2bn two-tranche senior bond offering to strengthen its liquidity position and extend the group’s debt maturity: €1bn bond with (...)

Career

Jean-Marie Tritant to succeed Christophe Cuvillier as CEO of Unibail-Rodamco-Westfield

The Supervisory Board of Unibail-Rodamco-Westfield SE (URW) has appointed Jean-Marie Tritant as Chairman of the Management Board of URW and Group CEO. He will (...)

Listed

URW: the stock market welcomes Bressler and Niel's takeover

Following the takeover of the Léon Bressler/Xavier Niel consortium at URW, would the listed REIT/SIIC sign its "remontada" on the Paris stock exchange? Reading (...)

Career

URW: Colin Dyer resigns as Chairman of the Supervisory Board, Léon Bressler succeeds him

The Supervisory Board of Unibail-Rodamco-Westfield (URW) met on Friday, in the presence of the three new directors elected at the Group's Combined General Meeting (...)

Listed

S&P downgrades URW’s credit rating to 'BBB+', outlook negative

Following Unibail-Rodamco-Westfield (URW) shareholders" rejection of a proposed €3.5bn capital increase, which was a main component of its €9bn RESET strategic plan to decrease (...)

Listed

URW: "We have to get out of this panic-mode to enter the era of rational decisions" (Bressler/Niel)

The Refocus consortium ­— owning 5% in Unibail-Rodamco-Westfield SE ("URW"), won a victory today. After weeks of media battle, shareholders rejected the €3.5bn capital (...)

Listed

Even without a capital increase, URW intends to pursue its Reset recovery plan

Because it was not supported by a qualified majority, being accepted by only 61.62% of the shareholders, the €3.5bn capital increase proposed by Unibail-Rodamco-Westfield (...)

Listed

URW: shareholders reject the €3.5bn capital increase

"Reset" or "Refocus" ? After a (very) media-heavy battle over the strategy to adopt for the recovery of Unibail-Rodamco-Westfield, waged between the management of the Paris-based REIT/SIIC (...)

Listed

URW: Refocus gets support from former FSIF president

As the 10 November Extraordinary General Meeting of Unibail-Rodamco-Westfield approaches, in which shareholders will have to choose between two strategies, the group's Reset recovery plan (...)

Listed

URW: Two American pension funds support the Refocus consortium

The major American pension funds "The California Public Employees' Retirement System" (CalPERS) and the State Board of Administration of Florida (Florida SBA), have announced (...)

Listed

URW further lowers its forecast ten days before its EGM

Faced with a second lockdown spreading over Europe, Unibail-Rodamco-Westfield (URW) has once again lowered its forecasts, at a time when its Reset plan is (...)

Listed

URW: the Refocus consortium welcomes ISS recommendations

The Refocus consortium of European investors, which now holds a combined 5% stake in Unibail-Rodamco-Westfield (URW), is welcoming the recommendations from Institutional Shareholder Services (...)

Listed

Independent advisory firms ISS and Glass Lewis recommends €3.5bn capital increase to URW shareholders

Unibail-Rodamco-Westfield's Reset recovery recevied the support of independent advisory firms Glass Lewis and Institutional Shareholder Services Inc. (ISS), which recommended that URW shareholders vote for the €3.5bn capital increase submitted for approval (...)

Listed

Independent firm Proxinvest recommends URW shareholders to vote for the group's €3.5bn capital increase

Unibail-Rodamco-Westfield (URW) has announced that Proxinvest, an independent consulting firm, has recommended that URW's shareholders vote "FOR" the €3.5bn capital increase submitted for approval at (...)

Listed

URW: Refocus consortium highlights positive market reaction to its plan

The Refocus consortium, made up of European investors and led by Léon Bressler and Xavier Niel, is reacting to the latest position taken by (...)

Listed

The Bressler/Niel consortium exceeds the 5% threshold of URW's share capital

The consortium of investors in Unibail-Rodamco-Westfield, led by Léon Bressler of Aermont Capital and Xavier Niel of NJJ Holding, has declared to the AMF (Autorité (...)

Listed

"With Xavier Niel, we are offering an entrepreneurial vision to all URW's shareholders”

Business Immo: Why do you propose a counter-strategy for Unibail-Rodamco-Westfield (URW)? Léon Bressler: First of all, let me say that it is not a counter-strategy. (...)

Listed

URW’s supervisory board doubles down on Reset recovery plan

Unibail-Rodamco-Westfield’s supervisory board reiterated its unanimous support and commitment to the Reset plan presented on September 16, stating it is “the only credible response (...)

Listed

Former URW CEO Guillaume Poitrinal supports the Bressler/Niel's "Refocus" plan

"Bravo to Léon Bressler and Xavier Niel (...). "In one tweet, Guillaume Poitrinal - former head of the real estate company listed on the (...)

Listed

"Léon Bressler's 'Refocus' plan is heading in the right direction"

Business Immo: Léon Bressler and Xavier Niel strongly criticised the Reset plan announced by Unibail-Rodamco-Westfield. What is your reading of the situation? Benoît Faure-Jarrosson: The (...)

Listed

URW Supervisory Board reiterates support for the RESET recovery plan

Having received from a consortium of investors representing 4.1% of the share capital of the Group, the Supervisory Board of Unibail-Rodamco-Westfield (URW) convened yesterday (...)

Listed

URW: investors led by Unibail founder Léon Bressler oppose the group's Reset strategy

A consortium of leading real estate and technology investors, holding a combined 4.1% stake in Unibail-Rodamco-Westfield, is calling for opposition to the €3.5bn rights (...)

Office

Unibail-Rodamco-Westfield to sell the SHiFT office building for €620m

Unibail-Rodamco-Westfield (URW) has entered into an agreement with a consortium of French institutional investors, consisting of Primonial REIM, La Française and EDF Invest, for (...)

Career

URW appoints Vanessa Ekindjian-Echoukry Director of Commercial partnerships Europe

Paris-based REIT/SIIC Unibail-Rodamco-Westfield (URW) appoints Vanessa Ekindjian-Echoukry, 42, as Director of Commercial partnerships Europe. In this role, which aims to enhance the value of (...)

Listed

URW announces a €9bn+ “reset” plan to strengthen its balance sheet

Giant REIT/SIIC Unibail-Rodamco-Westfield has announced a €9bn+ “reset” plan to strengthen its balance sheet and increase financial flexibility. The plan includes a fully underwritten (...)

Housing

In times of uncertainty, block residential reinforces its attractiveness — Primonial REIM

Primonial REIM has just published a recent study about the office, commercial, residential, health, and hospitality markets. “Although the lockdown reduced the volume of (...)

Finance

European CRE transactions slide to lowest level in six years in Q2 – RCA

As the Covid-19 pandemic and associated lockdowns took a grip on markets, the volume of European commercial real estate investment transactions plunged to the (...)

Listed

Unibail-Rodamco-Westfield AREPS down 28% in H1 2020

Unibail-Rodamco-Westfield's adjusted recurring earnings per share (AREPS) for the first half of 2020 was €4.65, down 28% from 1H 2019. According to the listed (...)

Office

La Défense: Unibail-Rodamco-Westfield to relocate headquarters in the Trinity Tower

Listed property giant Unibail-Rodamco-Westfield has announced the installation, in the summer of 2021, of its future headquarters in the Trinity Tower, its latest office (...)

Retail

Covid-19 has not adversely affected France's prime retail rents – JLL

According to JLL, no decline in rental values has been observed on the French retail market so far, according to JLL, with prime rents (...)

Finance

France's CRE investment market suffers the effects of Covid-19 in 1H20 (Knight Frank)

For the first half of 2020 as a whole, the volumes invested in France totalled €11bn, reports Knight Frank. Although down 15% year-on-year, they (...)

Listed

URW successfully places €750m of bonds

Giant Paris-based REIT/SIIC Unibail-Rodamco-Westfield today successfully priced a €750 Mn senior bond offering with a 12-year maturity and a 2.0% fixed coupon. The offering (...)

Hospitality

Radisson Hotel Group has big ambitions for France

Offering seven 4 and 5 star brands (Radisson, Radisson Collection, Radisson Blu, Radisson Red, Park Inn by Radisson, Park Plaza and Country Inn & (...)

Retail

URW and Klépierre reopen the majority of their shopping centres

French malll REIT/SIICs Unibail-Rodamco-Westfield (URW) and Klépierre have announced the reopening of the majority of their shopping centres after the easing of restrictions imposed because (...)

Retail

"Health issues will change the design and organisation of companies"

To respond to the health risks caused by the Covid-19 epidemic, inspection and certification company Bureau Veritas is helping French REIT/SIIC Unibail-Rodamco-Westfield update its (...)

Finance

As lending standards tighten, a long-term CRE transformation is on the horizon – Scope

“The question is not whether the European commercial real estate sector will be affected by Covid-19 but how severely and for how long,” says (...)

Retail

URW partners with Bureau Veritas to label its shopping centres for hygiene, safety and environment

Giant Paris-based REIT/SIIC Unibail-Rodamco-Westfield (URW) has announced the reinforcement of its practices dedicated to the prevention of health risks within its European shopping centres, (...)

Listed

French REIT/SIICs URW and Klépierre reduce senior management compensation

French REIT/SIICs Unibail-Rodamco-Westfield (URW) and Klépierre both announced measures to reduce senior management compensations during the Covid-19 epidemic. “As a sign of solidarity with all (...)

Finance

The investment market in France set a record before the Covid-19 crisis (Knight Frank)

In retrospect, the first quarter of 2020 has been a great period for commercial real estate investment. The volumes invested increased by 28% compared to Q1 (...)

Retail

URW provides space in its shopping centres for women victims of violence

Amidst the Covid-19 epidemic, Unibail-Rodamco-Westfield has committed to helping local communities by making unoccupied space in its shopping centres available for the benefit of women victims (...)

Listed

URW withdraws 2020 guidance and cuts dividend in half

Giant REIT/SIIC Unibail-Rodamco-Westfield has withdrawn its 2020 AREPS guidance and “expects to provide an update on its guidance when it can reliably”. To satisfy (...)

Retail

Coronavirus: how France's retail sector apprehends the store closures

Faced with the temporary closure of places "non-essential" to the life of the nation, announced Saturday by Prime Minister Édouard Philippe, France’s retail sector (...)

Retail

Dutch Wereldhave prepares its exit from France

After conducting a thorough evaluation of its portfolio, Dutch shopping centre group Wereldhave decided to transform its shopping centres into "Full Service Centres", mixed-use (...)

Listed

Unibail-Rodamco-Westfield 2019 AREPS exceeds expectations

Europe's largest listed property owner, Unibail-Rodamco-Westfield, reported for 2019 an Adjusted Recurring Earnings per Stapled Share (AREPS) of €12.37, exceeding its guidance of €12.10 (...)

Retail

URW to partner with Crédit Agricole Assurances and La Française on a €2bn portfolio

Europe's largest listed property owner, Unibail-Rodamco-Westfield (URW) announced today that it has received binding offers from a consortium of French investors comprised of Crédit (...)

Career

Thibault Ancely to head Tristan Capital Partners in France

Originally, Thibault Ancely, 42, was to join WeWork's French teams last fall. But, according to BI sources, the former executive director of investments and (...)

Office

"2020 will mark the end of the deterioration in the performance of commercial real estate."

VIEWS+S Consulting has just published a study on European listed real estate. Its founder, Philippe Le Trung, looks back on the major lessons to (...)

Office

[REPORTAGE] What is it that makes investors run to La Défense?

Often considered too cold, too mineral or even too mono-functional, La Défense is the object of all desires. Investors - led by South Koreans (...)

Office

Asian appetite for Paris-La Défense continues as GIC nears €550m closing on Tower PB6

Asian investor appetite for large office towers in Paris-La Défense continues unabated, with BI sources saying Singapore's GIC is near to closing on Tower PB6 for (...)

Office

Korea's NH, France's L'Étoile buy into La Défense Eqho for €370m - BI sources

Korean investment group NH, represented by Paris private firm L'Étoile Properties, has taken a 49% stake in the La Défense Eqho Tower, paying €370m, according to BI sources. The (...)

Listed

URW 1H19 net rents up 3.3% to €1.25bn, sees strong Europe/US tenant sales

Europe's largest listed property owner, Unibail-Rodamco-Westfield, boosted 1H19 net rental income 3.3% like for like to €1.25bn and said tenant sales in Europe and the (...)

Office

Korean Mirae, French Amundi confirm Paris La Défense Majunga buy

Korea's Mirae Asset Daewoo and France's Amundi Real Estate have confirmed their purchase of the 67,036 sqm Majunga tower in Paris La Défense, advised by Deloitte. Mirae Asset Daewoo (...)

Finance

Allianz RE takes debt fund to €1.5bn with €230m sole refinancing of Berlin's Gropius Passage

With a further sole-lender refinancing for the Gropius Passagen mall in Berlin for €230m, Allianz Real Estate has taken its newly launched Luxembourg debt fund to (...)

Retail

Investors don’t count retail out just yet

“There is usually a time lag of 1-2 years between what happens in the United Kingdom and the rest of Europe”, according to Darren Yates, (...)

Hospitality

Unibail-Rodamco-Westfield greenlights €700m Paris La Défense Sisters Towers

European retail-focused giant Unibail-Rodamco-Westfield has greenlighted its €700m Sisters Towers project in Paris La Défense, combining office and hotel space. Sisters will be located in (...)