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BRIEF-Unibail-Rodamco-Westfield To Sell Office Buildings In La Défense

Published 21/12/2020, 05:06 pm
© Reuters.
URW
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Dec 21 (Reuters) - Unibail-Rodamco-Westfield SE URW.AS :

* UNIBAIL-RODAMCO-WESTFIELD TO SELL THE VILLAGE 3, 4 AND 6 OFFICE BUILDINGS IN LA DÉFENSE

* NET DISPOSAL PRICE OF EUR 213 MN REPRESENTS A PREMIUM TO LATEST UNAFFECTED BOOK VALUE

* TRANSACTIONS ARE SUBJECT TO STANDARD CONDITIONS PRECEDENT AND ARE EXPECTED TO CLOSE IN Q1 2021

* THESE TRANSACTIONS ARE PART OF URW'S EUR 4 BN DISPOSAL PROGRAM

* UPON CLOSING OF THESE TRANSACTIONS AND SHIFT DISPOSAL PREVIOUSLY ANNOUNCED, GROUP WILL HAVE COMPLETED EUR 0.8 BN OF THIS TARGET

* OFFICES IN THIS DEAL ARE LOCATED IN LA DÉFENSE (PARIS REGION) AND HAVE A COMBINED GLA OF 22,144 SQM WITH ORANGE AND ORANGE CYBERDEFENSE AS MAIN TENANTS

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