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Next Issue Monday
15 March 2010
Featured Events
- MIPIM 2010
16-19 March 2010
Cannes, France
- TRE - Tourism Real Estate Exhibition
15-18 April 2010
Venice, Italy
- City Marketing and Development Congress - CMDC
28-29 April 2010
Moscow, Russia
- Real Vienna
18-20 May 2010
Vienna, Austria
- EIRE Expo Italia
8 - 10 June 2010
Milan, Italy
- Istanbul REstate
16-17 June 2010
Istanbul/Turkey
Unibail-Rodamco to pay E715m for Simon Ivanhoe's European portfolio
French-Dutch shopping centre REIT Unibail-Rodamco, the largest listed company in Europe, has confirmed speculation that it will buy part of Simon Property Group's European portfolio. It announced an agreement for payment of E715m for Simon Ivanhoe, a jointly held unit of Simon and Ivanhoe Cambridge, which holds shares in seven shopping centres in France and Poland. U-R has also entered a JV agreement for Simon and Ivanhoe Cambridge to jointly retain 50% interests in five French retail development projects which will now be developed by Unibail Rodamco. (See upcoming PIE editions for full story)