Business Immo, the real estate website

Christophe Cuvillier

Career 18/11/2020

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 17/11/2020

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 (...)

Listed 10/11/2020

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 10/11/2020

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 10/11/2020

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 02/11/2020

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 21/10/2020

"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 16/10/2020

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 16/10/2020

"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 16/09/2020

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 (...)

Listed 30/07/2020

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 (...)

Retail 02/06/2020

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 30/04/2020

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 08/04/2020

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 (...)

Listed 17/02/2020

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 13/02/2020

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 (...)

Listed 01/08/2019

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 (...)

Retail 26/06/2019

Unibail launches Westfield brand in Europe, first covering 10 malls

Europe's largest listed property group Unibail-Rodamco-Westfield is to launch the Westfield brand in Europe with a first wave of 10 shopping centres, including seven (...)

Listed 18/02/2019

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 (...)

Retail 19/11/2018

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 (...)