Unibail-Rodamco-Westfield news and archive

URW acquires stake in Edinburgh’s St James Quarter and will rebrand as Westfield

Unibail-Rodamco-Westfield (URW), the parent company of shopping centre chain Westfield, has acquired a 25 percent stake in Edinburgh’s mixed-use destination, St James Quarter, from Nuveen Real Estate. The move forms a new joint venture with majority owner APG, which retains its 75 percent stake in the 110 retail, leisure and dining destination,...

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URW reports tenant sales uptick in Q1 amid expansions and restructuring

Shopping centre giant Unibail-Rodamco-Westfield (URW) has welcomed a “robust” first quarter for 2025, as sales and footfall increased amid wider expansion plans and a restructuring strategy. Over the period, the company’s proportionate turnover came to 943.3 million euros remaining largely flat compared to the same quarter of 2024. Tenant sales...

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URW combines Northern European business, new COO to lead from London

Unibail-Rodamco-Westfield (URW), the parent company of shopping centre chain Westfield, has announced the combination of its Northern European business, which will be led by its new London-based chief operating officer, Vincent Jean-Pierre. The new format will see the company’s UK, Dutch, Danish and Swedish operations combine under one umbrella....

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Unibail-Rodamco-Westfield sells partial stake in shopping centre Forum des Halles

CDC Investissement Immobilier, a subsidiary of the French public sector financial institution Caisse des Dépôts (CDC), has acquired a 15 percent stake in Forum des Hall. The agreement signed with Unibail-Rodamco-Westfield (URW), the current owner of the iconic Parisian shopping centre, reflects a net sale amount of 235 million euros. The...

Retail

URW reveals development plans for Westfield Old Orchard in Illinois

Unibail-Rodamco-Westfield (URW) has unveiled an array of development plans for its Westfield Old Orchard site in Skokie, Illinois. The company said the North Shore destination will be “unlike anything else in Chicagoland”, with a park, event space and various amenities to be added to the modernised retail centre. The multi-phase plan already...

Retail

URW set to open three new Westfield flagships throughout Europe

Unibail-Rodamco-Westfield (URW) has announced it will be furthering the roll out of its Westfield brand into Spain, Sweden and Poland. In autumn, the retail group will be rebranding three of its centres into Westfield flagship stores, including Parquesur in Madrid, Taby Centrum in Stockholm and Galeria Mokotow in Warsaw. It comes as part of URW’...

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Retail

Westfield sees return of global brands for festive shopping

Westfield London has welcomed back a variety of global brands for the festive shopping period. Coming to Westfield London and Westfield Stratford City, the brands look to engage with visitors with pop-ups and in centre activations. Both London centres have seen around 40 million visitors since they reopened in spring. In Westfield London, Nike...

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Westfield reveals that community is a top priority for retail in 2021

Unibail-Rodamco-Westfield has released new research on the impact of the pandemic on the future of retail, which reveals that community has emerged as a top priority for consumers, suggesting that locally morphed experiences will allow physical retail to thrive in 2021 and beyond. In its ‘Westfield How We Shop: What’s Changed’ report the...

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Westfield owner URW responds to 'market rumours' about equity raise

Shopping mall operator and owner of Westfield London, Unibail-Rodamco-Westfield (URW), has responded to “market rumours” about a potential rights issue. A report last week by Bloomberg suggested the company was looking to raise 3.5 billion dollars (2.67 billion pounds) in fresh equity. The company's full statement read: “As detailed in its...