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Unibail-Rodamco-Westfield Completes Disposal of the Village 3, 4 and 6 Offices

18 Mar 2021  |  08:44:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: URW completes disposal of the Village 3, 4 and 6 offices

Unibail-Rodamco-Westfield announced the completion of the disposals of the Village 3, 4 and 6 office buildings, located in La Defense (Paris region) to French institutional investors. Agreements for the disposals were signed in December 2020. Village 3 was sold to an institutional fund managed by La Francaise Real Estate Managers on 4 March 2021. Village 4 and 6 were sold to institutional funds managed by Perial AM on 17 March 2021. The total Net Disposal Price of both transactions is EUR213Mn. With these transactions, and the completion of the SHiFT disposal in 2021, EUR0.8Bn of the EUR4Bn European asset disposal programme has been completed.

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