Unibail-Rodamco-Westfield : Initial step confirmed in execution of € 4bn disposal plan!
>€ 620m sale agreement for Nestlé head office at Issy-les-Moulineaux! - Unibail-Rodamco-Westfield (URW) yesterday evening announced that it had reached an agreement to sell the SHIFT office complex (GLA of 47,200m²) in Issy-Les-Moulineaux for € 620m. This asset is fully let on the basis of a 12-year lease to Nestlé which has established its head office there. The agreement has been signed with a consortium of French institutional investors (Primonial REIM, La Français...Unibail-Rodamco is a commercial property operator, investor and developer. Co. is operationally organized in six geographical regions: France, Spain, Central Europe, Austria, the Nordics and The Netherlands. Its activities are divided into three business lines or segments: Shopping Centres, Offices and Convention & Exhibition. Co.'s Shopping Centres segment focuses primarily on the retail sector; the Offices segment takes care of office assets that are mainly located in the Parisian Central Business District; and the Convention-Exhibitions segment consists of a real estate venues and operations organization, and trade show organization.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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