Business Daily Media

The Times Real Estate

.

Unibail-Rodamco-Westfield enters into an agreement to sell the Tour Ariane office building

  • Written by ACN Newswire
Paris, Amsterdam, Oct 16, 2018 - (ACN Newswire) - On October 15, 2018, Unibail-Rodamco-Westfield entered into an agreement with Singapore's sovereign wealth fund GIC for the sale of Tour Ariane in La Defense. The net disposal price of EUR464.9 Mn represents a premium to the latest unaffected book value.

This transaction is subject to standard conditions precedent and is expected to close by year-end.

Tour Ariane is an office building with a GLA of over 64,500 m2 located in the heart of the La Defense business district (Paris region).

The transaction is part of the EUR3 Bn European disposal programme to be executed over the next several years previously announced by Unibail-Rodamco-Westfield. More than 55% of this programme has been agreed or completed since June 30, 2018.

For further information, please contact:

Investor RelationsSamuel Warwood Maarten Otte +33 1 76 77 58 02 [email protected][1]

Media Relations Tiphaine Bannelier-SuderieD: +33 1 76 77 57 94[email protected][2]

About Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield is the premier global developer and operator of flagship shopping destinations. With a portfolio valued at EUR63.7 Bn as at June 30, 2018, of which 86% in retail, 8% in offices, 5% in convention & exhibition venues and 1% in services, the Group owns and operates 102 shopping centres, including 56 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 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 EUR12.5 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.com[3][4]

20181015 URW PR - Signing Tour Ariane EN: http://hugin.info/136618/R/2220420/868932.pdf [5]

Topic: Press release summary http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

  1. ^ [email protected] (www.acnnewswire.com)
  2. ^ [email protected] (www.acnnewswire.com)
  3. ^ www.urw.com (www.urw.com)
  4. ^ https://mediacentre.urw.com (mediacentre.urw.com)
  5. ^ http://hugin.info/136618/R/2220420/868932.pdf (hugin.info)

Read more http://www.acnnewswire.com/press-release/english/47011/

Cutting edge AI technology designed for doctors to reduce patient wait times launched in NZ

New Zealand specialist doctors now have access to Artificial Intelligence technology to help reduce patient wait times and experts say it could be...

Launchd Takes Off: Former AFL Stars Lead Tech-Powered Platform Set to Disrupt Talent and Influencer Marketing

Backed by Institutional Capital, Launchd Combines Five Leading Agencies and Smart Technology to Deliver Measurable Results Influencer marketing i...

Meet the Australian fintech unlocking rewards for small businesses

Small businesses make up 98 per cent of all businesses in Australia, yet they continue to bear the brunt of economic uncertainty. According to Credi...

Teleperformance (TP) Business Insights Report Reveals Key Shifts in Consumer Behaviour

TP’s Business Insights report  into consumer behaviors and preferences, taking in more than 57,000 respondents across 19 sectors, is shedding new li...

HubSpot launches platform-wide AI tools to help businesses close the adoption gap

HubSpot today unveiled more than 200 updates across its customer platform to help businesses grow better. The release introduces smarter tools, new AI...

Why Every Leader Needs a Personal Branding Strategy in 2025

One of the best investments you can make in 2025? Your Personal Brand.In today’s competitive and digitally driven business world, authenticity and...

Sell by LayBy