Business Immo, the real estate website


Retail 22/09/2022

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 21/09/2022

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 (...)

Retail 29/08/2022

URW sells a shopping centre in California for $537m

Unibail-Rodamco-Westfield (URW) has completed the sale of the Westfield Santa Anita shopping centre in Arcadia, California. The transaction amounted to $537.5m. This is the "largest (...)

Listed 28/07/2022

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 20/07/2022

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 19/07/2022

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 19/07/2022

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 11/07/2022

"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 29/06/2022

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 16/06/2022

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 19/05/2022

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 04/04/2022

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 30/03/2022

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 24/03/2022

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 22/02/2022

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 10/02/2022

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 03/02/2022

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 18/01/2022

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 06/01/2022

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 06/01/2022

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 (...)