Paris, Amsterdam, June 8, 2018 - (ACN Newswire) - Unibail-Rodamco today announces that it has completed the acquisition of Westfield, to create Unibail-Rodamco-Westfield, the premier global developer and operator of flagship shopping destinations.
Unibail-Rodamco-Westfield combines two of the strongest and most respected names in the real estate industry to build on their legacies.
With a portfolio valued at EUR 62 Bn, of which 88% in retail, 7% in offices and 6% in convention & exhibition venues, Unibail-Rodamco-Westfield owns and operates 102 shopping centres in 13 countries, of which 56 are flagships in the most dynamic cities in Europe and in the United States. Its centres welcome 1.2 billion visits per year.
The Group provides a unique platform for retailers and brand events and offers an unparalleled experience for customers. It will leverage the world-famous Westfield brand by gradually rebranding Unibail-Rodamco flagship assets.
Looking forward, Unibail-Rodamco-Westfield boasts an unrivalled development pipeline of EUR 13 Bn. Capitalising on its 'Better Places 2030' agenda, to be implemented in the entire Group, Unibail-Rodamco-Westfield's development projects are designed to create "better places" that respect the highest environmental standards and contribute to better cities.
Christophe Cuvillier, Group Chief Executive Officer, commented: "Today is an extraordinary day as we bring together Westfield's and Unibail-Rodamco's outstanding assets and 3,700 talented professionals. We look forward to writing together a new chapter in our history. With an unparalleled track-record and know-how in retail, offices and convention & exhibition venues, the Group is ideally positioned to generate superior value and develop world-class projects."
Unibail-Rodamco-Westfield is listed on Euronext Amsterdam and Paris (Euronext ticker: URW). A secondary listing has been established in Australia through Chess Depositary Interests.
- Publication of H1-2018 results: August 29, 2018
(1) Proportionate Gross Market Value as at December 31, 2017.
(2) As at December 31, 2017.
For further information, please contact:
+33 1 76 77 58 02
+33 1 76 77 57 94
Unibail-Rodamco-Westfield is the premier global developer and operator of flagship shopping destinations. With a portfolio valued at EUR 62 Bn as at 31 December 2017, of which 88% in retail, 7% in offices and 6% in convention & exhibition venues, the Group owns and operates 102 shopping centres, of which 56 are flagships in the most dynamic cities in Europe and the United States. Its centres welcome 1.2 billion visits per year. Present in 2 continents and in 13 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 3,700 professionals and an unparalleled track-record and know-how, Unibail-Rodamco-Westfield is ideally positioned to generate superior value and develop world-class projects. The Group has the largest development pipeline in the industry, worth EUR 13 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 is listed on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW). A secondary listing has been established in Australia through Chess Depositary Interests. The Group benefits from an A rating from both Standard & Poor's and Fitch Ratings, and from an A2 rating from Moody's.
For more information, please visit www.urw.com
Unibail-Rodamco-Westfield EN: http://hugin.info/136618/R/2198061/852105.pdf
June 8, 2018 08:00 HKT/SGT
Topic: Press release summary
From the Asia Corporate News Network
Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|Aug 1, 2018 01:00 HKT/SGT|
Unibail-Rodamco-Westfield sells four shopping centres in Spain|
|June 29, 2018 00:00 HKT/SGT|
Unibail-Rodamco-Westfield announces the implementation of cross guarantees|
|May 18, 2018 14:30 HKT/SGT|
Unibail-Rodamco SE: Notice to ORA holders following the Annual General Meeting of May 17, 2018|
|May 17, 2018 20:00 HKT/SGT|
Unibail-Rodamco S.E.: Approval of the acquisition of Westfield Corporation and of all other resolutions at the Combined Annual General Meeting of May 17, 2018|
|Apr 24, 2018 08:00 HKT/SGT|
UNIBAIL-RODAMCO SE: Financial information as at March 31, 2018|
|Apr 18, 2018 09:00 HKT/SGT|
Unibail-Rodamco announces the pricing of its inaugural hybrid securities offering to finance a portion of the cash consideration in the Westfield acquisition|
|Apr 13, 2018 00:30 HKT/SGT|
ASIC registers Westfield Securityholder Booklet for proposed acquisition by Unibail-Rodamco of Westfield; Independent Expert expresses positive opinion|
|Mar 29, 2018 14:00 HKT/SGT|
Unibail-Rodamco announces the approval by the AMF and the AFM of the Westfield Transaction documentation, as well as the date for its shareholder meeting and the expected Transaction timetable|
|Feb 20, 2018 17:30 HKT/SGT|
UNIBAIL-RODAMCO SE: WESTFIELD OFFER|
|More news >>|