Business Immo, the real estate website

Unibail-Rodamco-Westfield

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

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 16/10/2020

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 (...)

Office 12/10/2020

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 01/10/2020

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 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 (...)

Housing 03/08/2020

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 31/07/2020

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 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 (...)

Office 29/07/2020

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 28/07/2020

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 06/07/2020

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 23/06/2020

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 08/06/2020

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 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 15/05/2020

"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 13/05/2020

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 (...)