Westfield Acquisition: Creating the world’s premier developer and operator of flagship shopping destinations
In December 2017, Unibail-Rodamco announced the agreement to acquire Westfield Corporation. The transaction is a unique opportunity that builds on Unibail-Rodamco’s established leadership in Europe, on Westfield’s development and investment track record and know-how and on its famous brand. Unibail-Rodamco and Westfield are a perfect match, sharing the same vision of retail. Together, the combined Group will showcase an unparalleled portfolio of iconic shopping destinations offering unique customer experiences and exceptional services. With the largest development pipeline in the industry (€13 Bn), the new Group will deploy its vision of the future of retail and offices in 13 countries. The proposed transaction is based on a solid strategic and economic rationale, which will create significant value for the shareholders of both companies. As the world’s premier global developer and operator of flagship shopping destinations, the combined Group will become a must-have partner for international retailers and brands across Europe and select markets in the United States. Unibail-Rodamco is about to embark on a very exciting new chapter.
Discover the progress of the transaction :
