Unibail-Rodamco-Westfield Unsponsored ADR (URMCY)

Overview

Unibail-Rodamco-Westfield (URW) stands as a pioneering force in the real estate sector, focusing on the ownership, development, and operation of premium, sustainable real estate assets across vibrant cities in Europe and the United States. With a robust presence marked by 72 shopping centres in 12 countries, URW showcases the esteemed Westfield brand in 38 of these centers. The conglomerate draws in over 900 million annual visitors, establishing a dynamic platform for retailers and brands to forge meaningful connections with consumers. URW's portfolio, valued at €50 billion as of December 31, 2023, is predominantly based in retail (86%), supplemented by offices (6%), convention and exhibition venues (5%), and services (2%). This broad spectrum of assets underlines URW's commitment to urban regeneration projects, aligning with its vision for sustainable development and the Better Places plan, aimed at driving positive change in environmental, social, and economic realms. Listed on Euronext Paris (Ticker: URW) and holding a secondary listing in Australia, URW is recognized for its financial stability with ratings of BBB+ from Standard & Poor's and Baa2 from Moody's.

Products and Services

• Shopping Centres

URW owns and operates 72 shopping centres across 12 countries, with 38 of these properties adorned with the prestigious Westfield brand. These centers not only captivate over 900 million visitors annually but also provide an unparalleled stage for retailers and brands to engage directly with their audience.

• Office Spaces

The Group's portfolio also includes high-quality office spaces, indicative of its diversified investment in real estate beyond retail. These spaces are designed to cater to the demands of modern businesses, promoting productivity and innovation.

• Convention and Exhibition Venues

With 10 convention and exhibition venues located in Paris, URW positions itself as a key player in the events industry. These venues host a variety of events, ranging from trade shows to corporate gatherings, emphasizing the Group's role in facilitating professional networking and business development.

• Mixed-use Developments

URW's development pipeline, valued at €2.5 billion, is primarily focused on mixed-use assets. These projects encompass a blend of retail, residential, and office components, designed to foster vibrant community hubs and regenerate urban landscapes.

• Sustainability Initiatives

Underpinning URW's operations is a steadfast commitment to sustainability. Through the Better Places plan, the Group endeavors to make a positive impact on the cities and communities it serves, focusing on environmental stewardship, social responsibility, and economic vitality.