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Unibail-Rodamco-Westfield

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 22/10/2020

The Bressler/Niel consortium exceeds the 5% threshold of URW's share capital

The consortium of investors in Unibail-Rodamco-Westfield, led by Léon Bressler of Aermont Capital and Xavier Niel of NJJ Holding, has declared to the AMF (Autorité (...)

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 (...)