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Unibail-Rodamco-Westfield 9-Month Revenues Down 15.6%

PARIS (dpa-AFX) - French real estate company Unibail-Rodamco-Westfield (UNBLF, UNRDY) Wednesday reported nine-month revenues of 1.610 billion euros, down 15.6% from 1.908 billion euros last year.Shopping ....

France General , United Kingdom , Jean Marie Tritant , Marie Tritant , Continental Europe ,

UNIBAIL-RODAMCO SE: Unibail-Rodamco-Westfield completes the disposal of the Village 3, 4 and 6 office buildings


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. ....

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UNIBAIL-RODAMCO SE: UNIBAIL-RODAMCO-WESTFIELD REPORTS FY-2020 EARNINGS


UNIBAIL-RODAMCO SE: UNIBAIL-RODAMCO-WESTFIELD REPORTS FY-2020 EARNINGS
Press release
UNIBAIL-RODAMCO-WESTFIELD REPORTS FY-2020 EARNINGS
URW s organisation has demonstrated resilience in extreme operating conditions with positive consumer demand whenever restrictions eased or lifted during 2020
Flagship destinations continue to attract leading brands and emerging players - working together to innovate in a rapidly evolving retail environment
Focused operational plan for 2021 and clear commitment to deleveraging - URW will emerge as a stronger business harnessing the market rebound
FY-2020 in Review
Strong start to 2020 but only 70 days of normal operations, most of the year subject to various restrictions and 93 days on average closed
(1)
Like-for-like shopping centre Net Rental Income ( NRI ) down -24%, driven by rent relief and doubtful debtors as URW was heavily impacted due to central locations and F&B exposure ....

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