Unibail-Rodamco-Westfield sees footfall increase in Europe

Company News

by Rachael Jones

Commercial property investment company Unibail-Rodamco-Westfield (ASX:URW) report their tenant sales and footfall in their European shopping centres are up by 2.3 per cent (+3.6% for Flagships) and 2 per cent respectively.

US specialty sales per square foot are up by 5.5 per cent.

As we reported earlier this month, the company entered into an agreement with Singapore’s sovereign wealth fund GIC for the sale of Tour Ariane in La Défense, an office skyscraper in Paris.

Unibail-Rodamco-Westfield has a market capitalization €22.0b.

They expect the Adjusted Recurring Earnings per Share for 2018 in the range of €12.75 - €12.90.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.