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Unibail-Rodamco-Westfield

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 (...)

Retail 08/01/2019

Spain's El Corte Inglés said selling up to €2bn of non-core real estate

Spain's largest department store chain El Corte Inglés is reported to be preparing a sale of some 130 non-strategic properties, valued at up to €2bn, (...)

Office 07/12/2018

Unibail's €789m Paris Capital 8 office sale to Invesco finalised

The sale of one of the best known office complexes in Paris, the 45,000 sqm Capital 8, has been finalised by Unibail-Rodamco-Westfield for €789m (...)

Retail 19/11/2018

Retail real estate must change to transform malls, stores into urban destinations

Retail real estate must embrace change to transform malls and stores into urban destinations offering multiple experiences with leisure, sport, food, technology, healthcare and (...)

Office 31/10/2018

Unibail in €190m sale of Warsaw's Skylight, Lumen offices to Globalworth

European shopping centre REIT Unibail-Rodamco-Westfield has signed on a €190m sale of the Skylight and Lumen office buildings in Warsaw to Globalworth Poland, a (...)

Office 15/10/2018

Unibail to sell Paris Ariane tower for €465m to Singapore's GIC

France's Unibail-Rodamco-Westfield, the world's largest shopping centre group, is selling the Tour Ariane office tower block in La Défense west of Paris for €464.9m (...)

Housing 12/10/2018

Foreign ownership in French housing is no cause for concern

The participation of Germany's Vonovia and Zurich's Swiss Life in the winning bid for French SNCF's housing portfolio is good for Europe, good for France – (...)

Office 08/10/2018

France surges ahead on the global stage

Associated for a long time to rigid labor laws and social immobilism that hindered its economy, France elected 39 years old liberal ex-banker Emmanuel Macron, (...)

Retail 10/09/2018

Future of retail lies not in online or stores but in both - EPRA debate

The future of retail lies not in online or stores but in multi-channel, the EPRA conference heard last week. But internet shopping has further (...)