Unibail-Rodamco-Westfield Signs an Agreement to Sell SHiFT Office for EUR620 Mn

Unibail-Rodamco-Westfield (ASX:URW) entered into an agreement with a consortium of French institutional investors for the sale of the SHiFT office building.

The Disposal Price €620 million represents a premium book value to the 30 June 2020.

The Company stated that the transaction is subject to some standard conditions precedent and is anticipated to close in January 2021.

On 13 October 2020, the share price of URW was noted at A$2.98, up by 6.049% at AEST 12:36 AM.


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