Unibail Rodamco plans EUR 3.5bn assets sale within five years
Unibail-Rodamco, the listed French real estate group, is planning to dispose of assets worth EUR 3.5bn within the next five years, French daily Les Echos reported. The report cited chairman Christophe Cuvillier, speaking during the company’s 2013 results presentation, as saying about EUR 1.5bn -EUR 2bn of the divestments would involve commercial centres and the remaining EUR 1.5bn - EUR 2bn would involve offices.
The report noted out of the total EUR 32bn assets owned by Unibail, the offices account for a mere EUR 4bn only.
Les Echos