Press release
Financial information as at March 31, 2021
Unibail-Rodamco-Westfield’s (“URW” or “the Group”) Q1-2021 turnover remained strongly impacted by ongoing COVID-19 restrictions with 42 days
(1) of closures vs. 13 days
(1) in Q1-2020; zero days of “normal” unrestricted operations vs. 70 days in Q1-2020
Progressive lifting of non-essential retail restrictions in the UK, Slovakia, Denmark and The Netherlands during April;
however 51% of URW’s shopping centres are still effectively closed
(2)
March tenant sales
(3) reached 87% of 2019 levels in the US, while Continental European countries where non-essential retail was allowed to trade reached 76-81%; UK footfall jumped to 75% of 2019 levels during first week of reopening despite major restrictions still in place
UNIBAIL-RODAMCO SE: Financial information as at March 31, 2021 Press release
Financial information as at March 31, 2021
Unibail-Rodamco-Westfield s ( URW or the Group ) Q1-2021 turnover remained strongly impacted by ongoing COVID-19 restrictions with 42 days
(1) of closures vs. 13 days
(1) in Q1-2020; zero days of normal unrestricted operations vs. 70 days in Q1-2020
Progressive lifting of non-essential retail restrictions in the UK, Slovakia, Denmark and The Netherlands during April;
however 51% of URW s shopping centres are still effectively closed
(2)
March tenant sales
(3) reached 87% of 2019 levels in the US, while Continental European countries where non-essential retail was allowed to trade reached 76-81%; UK footfall jumped to 75% of 2019 levels during first week of reopening despite major restrictions still in place
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 Price
1 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.
UNIBAIL-RODAMCO SE: Unibail-Rodamco-Westfield completes the disposal of the Village 3, 4 and 6 office buildings 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 Price
1 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.