Unibail-Rodamco-Westfield (URW) signs binding agreement to form a strategic partnership with Crédit Agricole Assurances and ...
07 March 2020 - 9:00AM
Paris, Amsterdam, March 6, 2020
Press release
Unibail-Rodamco-Westfield (URW) signs
binding agreement to form a strategic partnership with Crédit
Agricole Assurances and La Française on a €2.0 Bn portfolio of five
French shopping centres
Pursuant to the announcement made on February
12, 2020, that URW had received binding offers from Crédit Agricole
Assurances and La Française (collectively, the Consortium) and had
granted the Consortium an exclusivity period for the acquisition of
a 54.2% stake in a Joint Venture that will own Aéroville, So Ouest,
Alma, Toison d’Or and Confluence, URW announces that it has
obtained the unanimous positive opinion of its works council and
has signed a binding agreement with the Consortium.
The transaction remains subject to customary
conditions precedent and is expected to close towards the end of
Q2-2020.
For further information, please
contact:
Investor Relations Samuel
Warwood Maarten Otte +33 1 76 77 58
02 Maarten.otte@urw.com
Media Relations Tiphaine Bannelier-Sudérie
+33 1 76 77 57 94 Tiphaine.Bannelier-Suderie@urw.com
About Unibail-Rodamco-Westfield
Unibail-Rodamco-Westfield is the premier global
developer and operator of Flagship destinations, with a portfolio
valued at €65.3 Bn as at December 31, 2019, of which 86% in retail,
6% in offices, 5% in convention & exhibition venues and 3% in
services. Currently, the Group owns and operates 90 shopping
centres, including 55 Flagships in the most dynamic cities in
Europe and the United States. Its centres welcome 1.2 billion
visits per year. Present on 2 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 3,600
professionals and an unparalleled track-record and know-how,
Unibail-Rodamco-Westfield is ideally positioned to generate
superior value and develop world-class projects. The Group has a
development pipeline of €8.3 Bn.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 an A rating from Standard & Poor’s and
from an A2 rating from Moody’s.
For more information, please visit
www.urw.comVisit our Media Library at
https://mediacentre.urw.comFollow the Group updates on Twitter
@urw_group, Linkedin @Unibail-Rodamco-Westfield and Instagram
@urw_groupAccess the URW 2018 report at
https://report.urw.com/2018/
- 20200306 signed binding agreement disposal five french
assets
Unilever (NYSE:UL)
Historical Stock Chart
From Apr 2024 to May 2024
Unilever (NYSE:UL)
Historical Stock Chart
From May 2023 to May 2024