Brief: URW Sells 15% Stake In Westfield Forum Des Halles To CDC Investissement Immobilier

Unibail-Rodamco-Westfield SE

06/01/2025 06:43

Jan 6 (Reuters) - Unibail-Rodamco-Westfield SE  URW.PA :
    * URW SELLS 15% STAKE IN WESTFIELD FORUM DES HALLES TO CDC 
INVESTISSEMENT IMMOBILIER
    * NET DISPOSAL PRICE IS €235 MILLION
    * URW WILL CONTINUE TO MANAGE ASSET, WHICH WILL REMAIN FULLY
CONSOLIDATED BY URW
    * ASSET WILL BE OWNED BY A JOINT VENTURE BETWEEN URW (50%),
AXA IM
ALTS ACTING ON BEHALF OF CLIENTS (35%) AND CDC (15%)
    * GROUP REMAINS IN ACTIVE DISCUSSIONS ON FURTHER  DISPOSALS
AS
PART OF ITS DELEVERAGING PLAN

Further company coverage:  URW.PA 

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