Unibail-Rodamco-Westfield completes the disposal of the Village 3, 4 and 6 office buildings
17 Marzo 2021 - 6:00PM
Unibail-Rodamco-Westfield completes the disposal of the Village 3,
4 and 6 office buildings
Paris, Amsterdam, March 17, 2021
Press release
Unibail-Rodamco-Westfield completes the
disposal of the Village 3, 4 and 6 office buildings
Unibail-Rodamco-Westfield (URW) today announces
the completion of the disposals of the Village 3, 4 and 6 office
buildings, located in La Défense (Paris region) to French
institutional investors. Agreements for the disposals were signed
in December 2020.
Village 3 was sold to an institutional fund
managed by La Française Real Estate Managers on March 4,
2021.Village 4 and 6 were sold to institutional funds managed by
Perial AM on March 17, 2021. The total Net Disposal Price1 of both
transactions is €213 Mn. With these transactions, and the
completion of the SHiFT disposal earlier this year, €0.8 Bn of the
€4 Bn European asset disposal programme has been completed.
URW was advised by Ginisty & Associés and
Lacourte Raquin Tatar. La Francaise Real Estate Managers was
advised by Allez & Associés and Fairway and Perial AM was
advised by Oudot & Associés and Ashurst.
For further information, please
contact:
Investor Relations Samuel
Warwood Maarten Otte +33 1 76 77 58
02 Maarten.otte@urw.com
Media Relations Céline van Steenbrugghe
+33 6 71 89 73 08celine.vansteenbrugghe@urw.com
About Unibail-Rodamco-Westfield
Unibail-Rodamco-Westfield is the premier global
developer and operator of Flagship Destinations, with a portfolio
valued at €56.3 Bn as at December 31, 2020, of which 85% in retail,
8% in offices, 5% in convention & exhibition venues and 2% in
services. Currently, the Group owns and operates 87 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 3,100
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 an BBB+ rating from Standard
& Poor’s and from a Baa2 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_group
1 Net Disposal Price: Total Acquisition Cost incurred by the
acquirer minus all transfer taxes and transaction costs
- Unibail-Rodamco-Westfield completes the disposal of the Village
3, 4 and 6 office buildings