Brief: URW Ups Investment Cost Estimate For Westfield Hamburg-Überseequartier To EUR 2.16 Bln

Unibail-Rodamco-Westfield SE

19/07/2024 07:22

July 19 (Reuters) - Unibail-Rodamco-Westfield SE
 URW.PA :
    * UPDATED ESTIMATE TO TOTAL INVESTMENT COST FOR PROJECT AT
EUR
2.16 BN, UP FROM EUR 1.64 BN
    * UPDATE ON WESTFIELD HAMBURG-ÜBERSEEQUARTIER
    * THIS IS NOT EXPECTED TO HAVE AN IMPACT ON 2024 AREPS
GUIDANCE
    * THIS WILL INCREASE GROUP'S H1-2024 LTV BY +50BPS
    * COMPANY IS REVIEWING MITIGATING MEASURES

Source text for Eikon:  ID:nGNE10c7ss 
Further company coverage:  URW.PA 

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