• Unibail-Rodamco-Westfield completes sale of Villeneuve 2

    Source: Nasdaq GlobeNewswire / 30 Sep 2022 12:00:00   America/New_York

    Paris, Amsterdam, September 30, 2022

    Press release

    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:

    Investor Relations 
    Audrey Arnoux
    +33 6 61 27 07 39
    audrey.arnoux@urw.com

    Media Relations 
    UK/Global:
    Cornelia Schnepf – Finelk
    +44 7387 108 998
    Cornelia.Schnepf@finelk.eu

    France:
    Nathalie Feld – Image7
    +33 6 30 47 18 37
    nfeld@image7.fr

    United States:
    Molly Morse – Kekst CNC
    + 1 212 521 4826
    molly.morse@kekstcnc.com


    About Unibail-Rodamco-Westfield

    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.

    For more information, please visit www.urw.com
    Visit our Media Library at https://mediacentre.urw.com

    Follow the Group updates on Twitter @urw_group, LinkedIn @Unibail-Rodamco-Westfield and Instagram @urw_group

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