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URW Sells Stake in Paris’ Westfield Forum des Halles to Reduce Debt

Story Highlights
  • URW sold a 15% stake in Westfield Forum des Halles to CDC for €235 million.
  • The sale is part of URW’s plan to reduce net debt by €1.5 billion through asset transactions.
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Unibail-Rodamco-Westfield SE Stapled Security Chess Depository Interests Repr 0.05 Sh ( (AU:URW) ) just unveiled an update.

URW has sold a 15% stake in the Westfield Forum des Halles, a key shopping center in Paris, to CDC Investissement Immobilier for €235 million. This strategic move is part of URW’s ongoing deleveraging plan, reducing its net debt by €1.5 billion through various transactions, while maintaining control over its flagship assets via joint ventures.

More about Unibail-Rodamco-Westfield SE Stapled Security Chess Depository Interests Repr 0.05 Sh

Unibail-Rodamco-Westfield (URW) is a prominent owner, developer, and operator of sustainable, high-quality real estate assets in Europe and the United States. The company operates 71 shopping centers, including 39 under the iconic Westfield brand, and is involved in offices, convention venues, and mixed-use developments, with a focus on urban regeneration and sustainability.

YTD Price Performance: 0.83%

Average Trading Volume: 149,585

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$17.41B

See more data about URW stock on TipRanks’ Stock Analysis page.

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