Business Immo, the real estate website

plan Reset

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 12/11/2020

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 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 30/10/2020

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 29/10/2020

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 26/10/2020

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 23/10/2020

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 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 20/10/2020

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 16/10/2020

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 15/10/2020

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 (...)