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Unibail-Rodamco-Westfield (URW)

REITS / Office developer / Retail promoter

Last update November 28, 2020 | Report an error

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Contributors

Tiphaine Bannelier-Sudérie

Group Head of External Communications

Olivier Bossard

Directeur général du développement groupe - 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

Tiphaine Bannelier-Sudérie

Group Head of External Communications

Olivier Bossard

Directeur général du développement groupe - 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

Christophe Cuvillier

Group Chief Executive Officer - Chairman of the Management Board

Sonia Daisay

Directrice commerciale adjointe Retail France

Gwénaëlle Darmon

Head of Leasing Floor

Olivier Delamarre

Directeur de centre

Camille Delomez

Shopping Center Manager Confluence

Gauthier Derache

Directeur du centre commercial de la Toison d'Or

Thibault Desmidt

Directeur des 4 Temps et du CNIT

Jérémy Desprets

Directeur du forum des Halles

Michel Dessolain

Directeur général Europe - Member of the Senior Management Team

Sophie Deville

Directrice du centre Westfield Euralille

Julia Diep

Westfield Carré Sénart & Shopping Parc

Bruno Donjon de Saint Martin

Managing Director of Offices Hotels and Mixed-Use Projects Europe

Paul Douay

Director of Operations Austria

Amicie du Réau

Shopping Center Manager Westfield Parly 2

Alexis Dubois

Directeur du développement

Pauline Duclos-Lenoir

Group Head of External Communication

Emmanuel Dufour

Director of Human Resources France

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

Pierre Hausswalt

Group Director of Communication and Public Affairs

Dominique Hautbois

Directeur des investissements et des extensions-rénovations

Stéphanie Herrmann

Group Head of Editorial Communications

Marine Huet

Directrice d’opérations

Clément Jeannin

Directeur groupe du développement durable

Nicolas Leboucher

Shopping Center Manager SoOuest

Jean-Jacques Lefebvre

Directeur général des grands travaux

Nicolas Menache

Senior CSR Environmental Manager

Marilyne Mesiano

Directrice Leasing Retail France

Sylvain Montcouquiol

Directeur groupe des ressources humaines et de l'organisation

Camille Morel

Head of Talent Acquisition and Learning France - HR Business Partner

Fabrice Mouchel

Directeur finance groupe - Directeur général finance Europe - Membre du Senior Management Team

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

Senior Investor Relations Analyst

Astrid Panosyan

Directrice générale fonctions centrales groupe - Membre du Senior Management Team

Solène Poisson

Deputy Leasing Director, Offices

Hugo Rey

Shopping Center Manager Polygone Riviera

Myf Ryan

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

Anne-Sophie Sancerre

Directrice générale Retail France

Stéphane Schebat

Managing Director of Development

Barbara Somogyiova

Director International Leasing Europe

Jonathan Toulemonde

Directeur de Westfield Vélizy 2

Jean-Marie Tritant

Directeur général du groupe

Julie Verjux

Shopping Center Manager Rosny 2

Amélie Volle

Directrice du centre commercial Aéroville

Samuel Warwood

Group Director of Investor Relations

Charles Watine

Director of Investments and Operations - Offices, Hotels and mixed-use Projects Europe

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 (...)

Finance

New actors on the European stage

“When it comes to equity, European real estate is like a busy nightclub – as soon as one group leaves, another seems to be (...)

Office

Unibail confirms €850m Paris La Défense Majunga sale, wins permit for Sisters towers

Listed retail property giant Unibail-Rodamco-Westfield has confirmed the sale of Tour Majunga in Paris La Défense for €850m, and also won permission to build (...)

Office

Credit Suisse, advised by Belvedere, buys Paris La Défense office from Primonial

Zurich-based Credit Suisse Asset Management has acquired the Le Lavoisier office building in Paris La Défense from French manager Primonial REIM. No price was (...)

Office

Korean investors comb Paris La Défense after Mirae snaps up URW's Majunga for €850m

South Korean investors are watching Paris La Défense closely after news Unibail-Rodamco-Westfield has sold the Majunga tower to Seoul-based Mirae Asset Daewoo for €850m. The deal raises (...)

Housing

URW signs on €750m UK PRS with Canada's PSP, QuadReal

Giant shopping centre REIT Unibail-Rodamco-Westfield is entering residential, signing to invest €750m in British PRS alongside Canada’s public pension fund PSP and QuadReal Property. The three (...)

Retail

Unibail-Rodamco sells stake in Helsinki shopping centre for €249m

French-Dutch shopping centre giant Unibail-Rodamco-Westfield has completed the sale of its 34% stake in the Jumbo shopping centre in Helsinki, Finland, for €248.6m. The stake (...)

Listed

URW earnings rise 7.2%, portfolio 50% to €65bn after Westfield buy

Europe's largest listed real estate group, Unibail-Rodamco-Westfield, raised recurring EPS last year 7.2% to €12.92 on a portfolio worth €65.2bn, up 50% in value after (...)

Logistics

KKR, Round Hill said bidding €170m for Spain's El Corte Inglés logistics

US investment funds KKR and Round Hill Capital are reported to be leading the bid, at up to €170m, for a 500,000 sqm logistics (...)

Housing

Léon Bressler enters German housing via Aermont purchase of developer

Legendary real estate investor Léon Bressler, who founded French retail giant Unibail, has entered German housing, taking a control of a developer via his (...)

Office

Bucharest's Globalworth expects Polish portfolio to exceed home assets

Bucharest-based Globalworth is likely to expand its Polish office portfolio quite soon over the asset value built over the last six years in its Romanian home (...)

Retail

Spain's El Corte Inglés said selling up to €2bn of non-core real estate

Spain's largest department store chain El Corte Inglés is reported to be preparing a sale of some 130 non-strategic properties, valued at up to €2bn, (...)

Office

Unibail's €789m Paris Capital 8 office sale to Invesco finalised

The sale of one of the best known office complexes in Paris, the 45,000 sqm Capital 8, has been finalised by Unibail-Rodamco-Westfield for €789m (...)

Retail

Retail real estate must change to transform malls, stores into urban destinations

Retail real estate must embrace change to transform malls and stores into urban destinations offering multiple experiences with leisure, sport, food, technology, healthcare and (...)

Office

Unibail in €190m sale of Warsaw's Skylight, Lumen offices to Globalworth

European shopping centre REIT Unibail-Rodamco-Westfield has signed on a €190m sale of the Skylight and Lumen office buildings in Warsaw to Globalworth Poland, a (...)

Office

Unibail to sell Paris Ariane tower for €465m to Singapore's GIC

France's Unibail-Rodamco-Westfield, the world's largest shopping centre group, is selling the Tour Ariane office tower block in La Défense west of Paris for €464.9m (...)

Housing

Foreign ownership in French housing is no cause for concern

The participation of Germany's Vonovia and Zurich's Swiss Life in the winning bid for French SNCF's housing portfolio is good for Europe, good for France – (...)

Office

France surges ahead on the global stage

Associated for a long time to rigid labor laws and social immobilism that hindered its economy, France elected 39 years old liberal ex-banker Emmanuel Macron, (...)

Retail

Future of retail lies not in online or stores but in both - EPRA debate

The future of retail lies not in online or stores but in multi-channel, the EPRA conference heard last week. But internet shopping has further (...)

Listed

France’s Unibail, post Westfield buy, boosts recurring 1H net 14% to €703m

Following takeover of Australian Westfield in June, Europe's largest REIT, giant mall group Unibail-Rodamco-Westfield, boosted first half recurring net profit 14.5% to €703m, with EPS up 7.3% to €6.16. Now the largest listed shopping centre group in the (...)

Housing

French developer LNC, Bressler's Aermont to acquire Rabo's BPD Marignan

French housing developer LNC has entered a joint venture with a fund run by the Aermont group, headed by Unibail founder Léon Bressler, to acquire developer (...)

Office

Invesco, in largest European deal, pays Unibail €789m for Paris Capital 8

In its largest-ever European asset transaction, investment manager Invesco Real Estate is paying €789m for Capital 8, a 45,000 sqm office building in the (...)

Retail

S. African REIT Vukile buys €460m Spanish mall package from Unibail

South African REIT Vukile Property Fund has made good on a promise of its CEO to more than double its exposure to Spain, announcing (...)

Retail

South African listed NEPI Rockcastle adds Slovakia mall for €122m

South African listed NEPI Rockcastle, which specialises in central European retail property, has acquired the Galeria Mlyny shopping centre in the Slovakian city of Nitra (...)

Logistics

Korea's Vestas buys first of €250m Euro logistics - in Poland via BNP Paribas REIM

Korean investment manager Vestas has acquired the second largest logistics facility in Europe, in the Polish city of Szcezyn, via a mandate to BNP Paribas REIM. It (...)

Retail

Renamed Unibail-Rodamco-Westfield starts with €13bn project pipeline

Giant French-Dutch shopping centre REIT Unibail Rodamco is to be renamed Unibail-Rodamco-Westfield following closure of its acquisition of the Australian group, and said it moves into (...)

Retail

Westfield merger with Unibail moves closer after 97% stakeholder support

Some 97% of stakeholders in Australian retail group Westfield have approved its merger with French-Dutch supermarket giant Unibail-Rodamco, taking the creation of Europe's largest listed supermarket group (...)

Office

JLL widens into listed RE capital advisory, also stressing S.African needs

Global property advisor JLL is extending its corporate finance advisory into the listed sector in Europe, placing some emphasis on advising South African firms interested in (...)

Listed

Austria's Immofinanz rejects unsolicited US Starwood offer at €2.10 shr

Austria's listed property group Immofinanz has rejected an unsolicited partial offer for a 5% stake made by the US-based Starwood Capital group in parallel to a bid for (...)

Hospitality

Icamap's £50m easyHotel capital raise aims to fund expansion - Poitrinal

Icamap, the investment fund started by former Unibail CEO Guillaume Poitrinal, has invested £50m in UK super-budget easyHotel group in a capital raise that took its stake to 38.7%, (...)

Finance

Benko, S Immo said eyeing creation of Austrian Champion, perhaps including Signa

Speculation in Vienna is growing that Signa boss, the sometimes controversial René Benko, will move soon to try to merge the three quoted property firms S Immo, CA Immo and Immofinanz to (...)

Finance

Father of Spain's REIT regime to speak at EPRA/Iberian Property event

Miguel Ferre, one of the fathers of Spain's REIT regime, is to take part, alongside four of his most successful 'progeny', Merlin Properties, Hispania, Colonial and Lar España, at (...)

Retail

French mall REIT Klépierre boosts 2017 net to €1.5bn, raises div., guidance

French shopping centre REIT/SIIC Klépierre reported a slight rise in net income for 2017 to €1.50bn from €1.48bn a year earlier, plus a 7.4% climb in (...)

Retail

Unibail-Rodamco in agreed €13.28bn takeover of Australia's Westfield

Europe's largest REIT and its biggest manager of retail space, the Franco-Dutch Unibail-Rodamco, has agreed to buy Australian counterpart Westfield for €13.28bn, adding London and (...)

Retail

Foncière des Regions signs €290m of non-strategic French retail disposals

France's third largest REIT/SIIC by assets, Foncière des Régions, has signed agreements to sell of nearly €290m of non-core properties, French retail, aiming to strengthen (...)

Finance

German listed property AUM passes €100bn, nears largest UK sector – ZIA/Barkow

German listed real estate passed €100bn in gross value of managed assets for the first time this year, rising 26%yy to €114bn, only €12bn (...)

Listed

Material news from the European listed universe: Unibail, Hypoport, Colonial

Ahead of third quarter results, which will be upon us starting this week, here are some selected actions and calls that are material to (...)

Finance

European public real estate in good shape, led by German resi, French/Spanish office

European public real estate markets are in good shape as our website goes live. German housing stocks are near highs, as are most of (...)