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Unibail-Rodamco-Westfield Announces to Sell the Village 3, 4 and 6 Office Buildings

21 Dec 2020  |  17:56:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: URW to sell the Village 3, 4 and 6 office buildings

Unibail-Rodamco-Westfield announced that it has entered into separate agreements with several French institutional investors for the sale of the Village 3 office building on December 9, and the Village 4 & Village 6 office buildings on December 18. The total Net Disposal Price1 of EUR213 Mn represents a premium to the latest unaffected book value. The Company updated that the offices are located in La Defense (Paris region) and have a combined GLA of 22,144 sqm with Orange and Orange Cyberdefense as the main tenants. As reported, these transactions are part of the Company's EUR4 Bn disposal program. Upon closing of these transactions and the SHiFT disposal previously announced, the Company will have completed EUR0.8 Bn of this target.

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