Transactions - OCTOBER 20, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Unibail-Rodamco sells another French mall

by Andrea Waitrovich

Unibail-Rodamco SE is under contract to sell the four-story Nice Etoile mall, located in Nice, France, for €300 million ($378.5 million). The buyer is Allianz Real Estate France.

The 204,516-square-foot enclosed mall houses more than 100 stores, services and restaurants. New tenants include Fnac, Maisons du Monde, Adidas, Okaïdi-Obaidi, Oxbow, Maritime Alps, Nature & Discovery, Urban Café and Urban Box.

Unibail-Rodamco is selling €1.5 billion to €2 billion ($1.9 billion to $2.55 billion) of mall assets by the end of 2018. 

Last week, Unibail-Rodamco SE sold six shopping centers for €850 million ($1.1 billion) to Wereldhave, and in August the firm sold

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy