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Unibail-Rodamco-Westfield

Office 09/09/2019

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 02/08/2019

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 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 (...)

Office 04/07/2019

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 (...)

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 (...)

Finance 19/06/2019

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 05/06/2019

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, (...)

Finance 07/05/2019

European RE investment slides to lowest level in 6yrs as resi outpaces retail

European commercial real estate investment in 1Q19 slid to its lowest level in six years, with slowing economic growth and political uncertainty weighing on (...)

Hospitality 18/04/2019

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 18/04/2019

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 10/04/2019

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 25/03/2019

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 22/03/2019

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 18/03/2019

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 01/03/2019

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 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 (...)

Office 12/02/2019

France's ICAMAP, Canada's Ivanhoé target €1.6bn low-carbon Paris office

French investment manager ICAMAP and Canada's Ivanhoé Cambridge are launching a joint venture called ICAWOOD to develop low-carbon office in Greater Paris, targeting investments of €1.6bn. The firms said (...)

Logistics 05/02/2019

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 21/01/2019

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 21/01/2019

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 (...)