UNIBAIL-RODAMCO-WESTFIELD

Unibail-Rodamco-Westfield lists on Euronext Amsterdam and Euronext Paris

UNIBAIL-RODAMCO-WESTFIELD

"The new Group brings together the two leaders in the retail property industry, forming the must have partner for international retailers and brands across Europe and select markets in the United States."

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Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield specialises in owning, developing and managing premier retail assets (shopping centres and airports) in the most dynamic cities in Europe and the United States, the most prestigious office buildings and major convention & exhibition venues in the Paris region. The Group’s portfolio was valued at €62 billion as at 31 December, 2017.

"With an unparalleled track-record and know-how in retail, offices and convention & exhibition, the new Group is ideally positioned to develop world-class projects. I look forward to June 7, and bringing together the teams of Unibail-Rodamco and Westfield.” 
Christophe Cuvillier,
CEO Unibail-Rodamco-Westfield

 

UNIBAIL-WFD UNIBAI

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Identification

URW
Name: UNIBAIL-WFD UNIBAI
Market: Euronext Amsterdam, Paris
Capitalization compartment: Compartment A
Subsector: Retail REITs
Isin code: FR0013326246
Symbol: URW

Operation

IPO Date: 05/06/2018
Issue type: Direct listing

Company Profile

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News

Date Title
05 Jun 2018 Acquisition of Westfield Corporation by Unibail-Rodamco expand

Amsterdam and Paris – 5 June 2018 – Following the successful acquisition of Westfield Corporation by Unibail-Rodamco, the new Group has been listed today on Euronext Amsterdam and Euronext Paris. The new Group opened the trading day in both Euronext marketplaces, which denotes the first trading day. The company aims to release its new branding on 7 June 2018.

Prior to the acquisition, Unibail-Rodamco was Europe’s largest listed commercial property company, with a presence in 11 continental European countries, and a portfolio of assets valued at €43.6 billion[1]. Previously listed on the Australian Securities Exchange, Westfield’s portfolio comprises 35 shopping centres in select markets in the United States and the United Kingdom, valued at €18.4 billion1. Together, the combined group creates the global premier developer and operator of flagship shopping destinations, with 102 shopping centres located in the world’s most dynamic cities across Europe and in the United States. In addition to its standing assets valued at €62 billion1, the new Group has the world’s largest development pipeline, worth €13 billion as at 31 December 2017.

The new Group was admitted to listing and trading on the regulated market of Euronext in Amsterdam and in Paris, through the direct listing of 138,282,967 stapled shares, following the acquisition of Westfield. Market capitalisation was 26.3 billion on the day of listing.

Christophe Cuvillier, CEO of the new Group, said “The new Group brings together the two leaders in the retail property industry, forming the must have partner for international retailers and brands across Europe and select markets in the United States. With an unparalleled track-record and know-how in retail, offices and convention & exhibition, the new Group is ideally positioned to develop world-class projects. I look forward to June 7, and bringing together the teams of Unibail-Rodamco and Westfield.”

 

[1] Proportionate GMV. Includes investments in shopping centres, assets under construction, assets held for redevelopment and inventories

05 Jun 2018 Unibail-Rodamco sounds gong for acquisition Westfield expand

Unibail-Rodamco sounds gong for acquisition Westfield

Today Unibal-Rodamco Group CFO Jaap Tonckens sounds the gong to celebrate the acquisition of Westfield. Together the organisations will form a new group, of which the name and logo will be announced on June 7th.

The new group will bring together two leaders in the retail property industry, Unibail-Rodamco and Westfield. The group will build on Unibail-Rodamco’s established leadership in Europe and operational excellence and on Westfield’s development and investment expertise and its famous brand. As one Group, the ambition is to create better places together and deliver superior performance.

For more information: www.unibail-rodamco.com 

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05 Jun 2018 Acquisition of Westfield Corporation by Unibail-Rodamco expand

Following the successful acquisition of Westfield Corporation by Unibail-Rodamco, the new Group has been listed on the 5th June 2018 on Euronext Amsterdam and Euronext Paris. The new Group opened the trading day in both Euronext marketplaces. Christophe Cuvillier, CEO of Unibail-Rodamco-Westfield, opens the trading day in Paris.

The new Group brings together two leaders in the retail property industry, Unibail-Rodamco and Westfield. Thanks to their combined strengths, Unibail-Rodamco-Westfield will be the must have partner for international retailers and brands across Europe and select markets in the United States. The new Group’s ambition is to to lead the industry as the premier global developer and operator of flagship shopping destinations. The new Group will build on Unibail-Rodamco’s established leadership in Europe and operational excellence and on Westfield’s development and investment expertise and its famous brand. With an unparalleled track-record and know-how in retail, offices and convention & exhibition, the new Group will be ideally positioned to develop world-class projects. With the largest development pipeline and its best-in-class management, the new Group will deploy its vision for the future of retail in shopping centres and airports, for offices and for convention & exhibition venues in 13 countries. As one Group, the ambition is to create better places together and deliver superior performance.