Westfield mall owner sees earnings boost from Paris Olympics venues

Unibail-Rodamco-Westfield SE

08/02/2024 08:04

LONDON, Feb 8 (Reuters) - Westfield mall owner
Unibail-Rodamco-Westfield  URW.PA  sees the Paris Olympics and
Paralympics boosting its earnings for 2024, it said on Thursday,
with several of its Viparis convention centres hosting events
over the Games.
    Viparis, owned equally by URW and by the Paris Ile-de-France
Regional Chamber of Commerce and Industry, operates venues
including Paris Expo Porte de Versailles, where the handball,
table tennis, volleyball, and weightlifting will take place. 
    Its Palais des Congrès de Paris venue will host the
International Olympic Committee and the main press centre for
the Games, URW said.
    URW sees its adjusted recurring earnings per share for 2024
increasing to between 9.65 and 9.8 euros, up from 9.62 euros in
2023, partly thanks to increased footfall over the Olympics,
which take place at a time when Parisians typically flee the
city to holiday at the coast.
    The Paris Olympics will run from July 26 to Aug. 11, with
the Paralympics taking place from Aug. 28 to Sept. 8. 

 (Reporting by Helen Reid, editing by Timothy Heritage)
 ((Helen.Reid@thomsonreuters.com; +44 7584 155 200 ;))