Unibail-Rodamco-Westfield sell the Tour Majunga office building

Company News

by Rachael Jones

Unibail-Rodamco-Westfield (ASX:URW) has completed the sale of the Tour Majunga office building, located in the heart of the La Défense business district in Paris in France.

The building went to a consortium of institutional investors led by South-Korean securities firm Mirae Asset Daewoo and Amundi Real Estate.

The agreement was first entered into in April 2019.

The Net Disposal Price of the transaction is €850 million.

Shares in Unibail-Rodamco-Westfield (ASX:URW) closed -4.09 per cent lower at $10.33 yesterday. 

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.