Paris, Amsterdam, September 30, 2022
Unibail-Rodamco-Westfield completes sale of Villeneuve 2
Further to an agreement entered into on July 21, 2022, Unibail-Rodamco-Westfield (“URW”) announces the completion of the disposal of Villeneuve 2 shopping centre, located in the Lille region, to Ceetrus.
With the sale of Villeneuve 2, URW has completed €3.2 Bn of disposals, representing 80% of its €4.0 Bn European disposal programme, at an average NIY of 4.9% and a premium to the last unaffected appraisal of +5.1%.
For more information, please contact:
+33 6 61 27 07 39
Cornelia Schnepf – Finelk
+44 7387 108 998
Nathalie Feld – Image7
+33 6 30 47 18 37
Molly Morse – Kekst CNC
+ 1 212 521 4826
Unibail-Rodamco-Westfield is a dynamic global developer and operator of Flagship Destinations, with a portfolio valued at €55.0 Bn as at June 30, 2022, of which 87% in retail, 6% in offices, 5% in convention & exhibition venues and 2% in services. Currently, the Group owns and operates 80 shopping centres, including 53 Flagships in the most dynamic cities in Europe and the United States. Present on two continents and in 12 countries, Unibail-Rodamco-Westfield provides a unique platform for retailers and brand events and offers an exceptional and constantly renewed experience for customers.
With the support of its 2,700 professionals and an unparalleled track-record and know-how, Unibail-Rodamco-Westfield is ideally positioned to generate superior value and develop world-class projects.
Unibail-Rodamco-Westfield distinguishes itself by its Better Places 2030 agenda, that sets its ambition to create better places that respect the highest environmental standards and contribute to better cities.
Unibail-Rodamco-Westfield stapled shares are listed on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW), with a secondary listing in Australia through Chess Depositary Interests. The Group benefits from a BBB+ rating from Standard & Poor’s and from a Baa2 rating from Moody’s.