Unibail-Rodamco-Westfield Depositary Receipt (UNIRF)

Overview

Unibail-Rodamco-Westfield (URW) stands as a premier entity in the realm of real estate, focusing on the ownership, development, and operation of high-quality, sustainable assets across Europe and the United States. Positioned in the most vibrant cities, URW manages a diverse portfolio that spans across 72 shopping centres in 12 countries, along with an impressive presence in the office and convention sectors. Noteworthy is the inclusion of 38 centres under the prestigious Westfield brand, underlining the Group’s excellence in retail spaces. As of December 31, 2023, URW’s portfolio is valued at over €50 billion, showcasing a significant emphasis on retail (86%) alongside investments in offices (6%), convention and exhibition venues (5%), and services (2%). The group is also actively involved in urban regeneration projects, contributing positively to the cities and communities it operates in. Demonstrating a commitment to sustainability, URW has embarked on the Better Places plan, aimed to make impactful environmental, social, and economic contributions. With its securities traded on Euronext Paris and a secondary listing in Australia, coupled with respectable ratings from Standard & Poor’s (BBB+) and Moody’s (Baa2), URW establishes itself as a significant player in the global real estate industry.

Products and Services

• Shopping Centres

URW operates 72 shopping centres across 12 countries, with 38 bearing the notable Westfield brand. These centres are strategic hubs within dynamic cities, generating over 900 million visits annually. They serve as a vital platform for retailers and brands, offering a unique opportunity to engage with consumers directly.

• Office Spaces

The Group’s portfolio includes a selection of high-quality offices, catering to the growing demand for sustainable and well-situated workspaces. These spaces are designed to meet the needs of modern businesses, ensuring a productive and environmentally responsible working environment.

• Convention and Exhibition Venues

URW owns 10 convention and exhibition venues located in Paris, which are renowned for hosting significant events that attract businesses and visitors from around the world. These venues are instrumental in facilitating professional networking, showcasing innovations, and promoting international trade.

• Mixed-use Developments

With a development pipeline valued at €2.5 billion, URW is focused on the creation of mixed-use assets that blend retail, residential, and office spaces. These developments are central to the Group’s urban regeneration efforts, aiming to rejuvenate cityscapes and provide multifunctional spaces that serve diverse community needs.

• Sustainability Initiatives

Under its Better Places plan, URW commits to leading sustainability practices in the real estate sector. The initiative encompasses the retrofitting of buildings to meet the highest industry standards in sustainability, along with projects aimed at making a positive environmental, social, and economic impact within the communities URW serves.