Unibail-Rodamco lands Simon Ivanhoe’s portofolio at €715m

There’s been confirmation of a deal that CIJ reported was coming up in the January issue. Unibail-Rodamco has acquired the European portfolio of Simon Ivanhoe at a price of €715m. Simon Ivanhoe is a joint venture of Simon Property Group and Ivanhoe Cambridge.

The portfolio consists of six existing shopping centers in Poland and France, including Warsaw’s biggest mall, Arkadia, its retail area exceeding 100,000 sqm.

Unibail-Rodamco also entered into a 50-50 joint-venture agreement with Simon Ivanhoe in which Unibail-Rodamco will develop five retail projects in France. Click the link to see Unibail-Rodamco’s press release on the deal.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s