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Unibail-Rodamco To Form Partnership With Crédit Agricole And La Française

Unibail-Rodamco-Westfield said that it has signed binding agreement to form a strategic partnership with Crédit Agricole Assurances and La Française on a 2.0 billion euros portfolio of five French shopping centres.

The transaction is expected to close towards the end of the second-quarter of 2020.

On February 12, 2020, Unibail-Rodamco-Westfield said it had received binding offers from Crédit Agricole Assurances and La Française or the Consortium and had granted the Consortium an exclusivity period for the acquisition of a 54.2% stake in a Joint Venture that will own Aéroville, So Ouest, Alma, Toison d'Or and Confluence.

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