Paris, Amsterdam, December 20, 2021
Unibail-Rodamco-Westfield to sell Solna Centrum in Stockholm for SEK 2.8 Bn (c. €272 Mn)
Unibail-Rodamco-Westfield (URW) today announced an agreement for the sale of Solna Centrum, in Stockholm, for an agreed Total Acquisition Cost of SEK 2.8 Bn (c. €272 Mn), which represents a premium to the last appraised value.
The purchaser is Alecta Fastigheter, a wholly owned subsidiary of the major Swedish pension fund Alecta, and the transaction is expected to complete at the beginning of February 2022, subject to standard closing conditions. Solna Centrum is a well-located complex comprising approximately 48,400 sqm of retail space and 31,000 sqm of offices.
Upon closing of this transaction, the Group will have completed €2.0 Bn of its €4.0 Bn disposal programme of European assets.
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Unibail-Rodamco-Westfield is the premier global developer and operator of Flagship Destinations, with a portfolio valued at €55.0 Bn as at June 30, 2021, of which 86% in retail, 7% in offices, 5% in convention & exhibition venues and 2% in services. Currently, the Group owns and operates 85 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 2,900 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.
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