Unibail-Rodamco-Westfield (ASX:URW) disposes of French village office buildings - Sequoia Direct

22DecDecember 22, 2020

Unibail-Rodamco-Westfield (ASX:URW) disposes of French village office buildings

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/297572/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/2020/Headlines02_360_201222.jpg’]

Unibail-Rodamco-Westfield (ASX:URW) has penned agreements with multiple French institutional investors to sell Parisian Village 3, Village 4 and Village 6 office buildings for €213 million.

The transactions are subject to standard conditions precedent and are expected to close in Q1 2021.

This move is part of the company’s €4 billion disposal program.

Shares in Unibail-Rodamco-Westfield (ASX:URW) closed 3.17 per cent lower to $4.88 yesterday.

Copyright 2020 – Finance News Network

Source: Finance News Network

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