News: URW Unibail-Rodamco-Westfield To Sell Office Buildings In La Défense

Dec 21 (Reuters) - Unibail-Rodamco-Westfield SE URW.AS :

• UNIBAIL-RODAMCO-WESTFIELD TO SELL THE VILLAGE 3, 4 AND 6 OFFICE BUILDINGS IN LA DÉFENSE
• NET DISPOSAL PRICE OF EUR 213 MN REPRESENTS A PREMIUM TO LATEST UNAFFECTED BOOK VALUE
• TRANSACTIONS ARE SUBJECT TO STANDARD CONDITIONS PRECEDENT AND ARE EXPECTED TO CLOSE IN Q1 2021
• THESE TRANSACTIONS ARE PART OF URW'S EUR 4 BN DISPOSAL PROGRAM
• UPON CLOSING OF THESE TRANSACTIONS AND SHIFT DISPOSAL PREVIOUSLY ANNOUNCED, GROUP WILL HAVE COMPLETED EUR 0.8 BN OF THIS TARGET
• OFFICES IN THIS DEAL ARE LOCATED IN LA DÉFENSE (PARIS REGION) AND HAVE A COMBINED GLA OF 22,144 SQM WITH ORANGE AND ORANGE CYBERDEFENSE AS MAIN TENANTS