Unibail-Rodamco-Westfield (URW) has entered into separate agreements with several French institutional investors for the sale of the Village 3 office building, and the Village 4 & Village 6 office buildings in Paris.
The total net disposal price of €213 million ($260 million) represents a premium to the latest unaffected book value.
The transactions are subject to standard conditions precedent and are expected to close in the first quarter 2021.
The offices are located in La Défense (Paris region) and have a combined gross leasable area of 22,144 square meters (238,356 square feet) with Orange and Orange Cyberdefense as the main tenants.
