Brief: Unibail-Rodamco-Westfield announces more asset sales

Unibail-Rodamco-Westfield SE

18/09/2024 07:18

Sept 18 (Reuters) - Unibail-Rodamco-Westfield SE
 URW.PA :
    * UNIBAIL-RODAMCO-WESTFIELD PURSUES ITS DELEVERAGING
PROGRESS WITH
EUROPEAN AND US REGIONAL ASSET SALES FOR EUR 0.5 BN
    * SIGNING OF AN AGREEMENT TO SELL PASING ARCADEN IN MUNICH,
GERMANY, AND COMPLETION OF SALE OF WESTFIELD ANNAPOLIS, LOCATED
IN ANNAPOLIS, MARYLAND.
    * URW has agreed to sell Pasing Arcaden, a 46,300 sqm
shopping
centre and c. 7,000 sqm of offices and residential, to Ingka
Centres, part of the Ingka Group (which also includes IKEA
Retail and Ingka Investments), for a net disposal price of €388
Mn (at 100%, URW share 51%).

Source text for Eikon:  ID: 
Further company coverage:  URW.PA 

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))