Unibail-Rodamco to elect its new Supervisory Board Chairman

Paris, Amsterdam, 2017-Mar-21 — /EPR Retail News/ — The Supervisory Board of Unibail-Rodamco will elect its new Chairman following its Annual General Meeting, in accordance with its succession plan.

Due to the successive mandates as a member of the Supervisory Board, Rob ter Haar will cease his responsibilities as Chairman and member of the Supervisory Board of Unibail-Rodamco at the General Meeting of April 25, 2017.

A Dutch national, Mr ter Haar has been a member of the Supervisory Board of Unibail-Rodamco since 2007, and its Chairman since 2012.

For the same reason, Yves Lyon-Caen, member of the Supervisory Board since 2007, will also leave the Supervisory Board at the General Meeting.

The General Meeting will be invited to approve the appointment of three new members to the Supervisory Board, Colin Dyer, Philippe Collombel and Roderick Munsters, as well as the reappointment of Dagmar Kollmann, each for a 3-year term.

A British and US national, Mr Dyer, 64 years old, was President and CEO of Jones Lang LaSalle Inc. until 2016 and is currently a non-executive Director of this company.

A French national, Mr Collombel, 56 years old, is Co-Managing Partner of Partech Ventures.

A Dutch and Canadian national, Mr Munsters, 53 years old, was until recently Head of Edmond de Rothschild Asset Management.

Following a thorough succession process led by Jean-Louis Laurens, Vice-President of the Supervisory Board, with the Governance, Nomination & Remuneration Committee, the Supervisory Board will formally appoint Mr Dyer as its Chairman following the Annual General Meeting.1

1 Subject to his appointment to the Supervisory Board at this General Meeting.

Christophe Cuvillier, Chairman of the Management Board of Unibail-Rodamco, states: “On behalf of the Group, its Management Board and all its employees, I would like extend my heartfelt thanks to Rob ter Haar for his unwavering support and the relationship of great trust he built up between the Supervisory Board and the Management Board during these past ten years. I am very pleased that the Group will welcome to its Supervisory Board three great professionals with such international profiles and complementary skills. I look forward to working on the development of the Group with Mr Dyer, our future Chairman of the Supervisory Board.”

About Unibail-Rodamco

Created in 1968, Unibail-Rodamco SE is Europe’s largest listed commercial property company, with a presence in 11 EU countries, and a portfolio of assets valued at €40.5 billion as of December 31, 2016. As an integrated operator, investor and developer, the Group aims to cover the whole of the real estate value creation chain. With the support of its 1,990 professionals, Unibail-Rodamco applies those skills to highly specialised market segments such as large shopping centres in major European cities and large offices and convention & exhibition centres in the Paris region. The Group distinguishes itself through its focus on the highest architectural, city planning and environmental standards. Its long term approach and sustainable vision focus on the development or redevelopment of outstanding places to shop, work and relax. Its commitment to environmental, economic and social sustainability has been recognised by inclusion in the FTSE4Good and STOXX Global ESG Leaders indexes. The Group is a member of the CAC 40, AEX 25 and EuroSTOXX 50 indices. It benefits from an A rating from Standard & Poor’s and Fitch Ratings. For more information, please visit our website: www.unibail-rodamco.com

Investor Relations:

Marine Huet
+33 1 76 77 58 02
marine.huet@unibail-rodamco.com

Media Relations:

Pauline Duclos-Lenoir
+33 1 76 77 57 94
pauline.duclos-lenoir@unibail-rodamco.com

Source: Unibail-Rodamco

Unibail-Rodamco aims to reduce by -50% its carbon emissions by 2030

Paris, Amsterdam, 2016-Sep-24 — /EPR Retail News/ — As early as 2007, Unibail-Rodamco, the leading listed real estate company in Europe, devised an ambitious CSR strategy based on environmental best practices, social fairness and transparent governance. In 2016, Unibail-Rodamco was selected as “Green Star” for the fifth year in a row by the GRESB Survey (Global Real Estate Sustainability Benchmark – the only sustainability benchmark dedicated to the real estate sector). In 2015, the Group had been named “Global sector leader”, achieving the best score worldwide within the retail sector.

The signature of the Paris Agreement to fight climate change, on December 12 by 195 countries in the framework of COP21, brought the world into a new era. Christophe Cuvillier, Chairman of the Management Board of Unibail-Rodamco, decided that the Group would take up a new longterm challenge, with a set of objectives to be achieved by 2030: “Better Places 2030”. The Group aims to reduce by -50% its carbon emissions by 20301 .

This strategy will be incorporated into the entire value chain with, for the first time, a wide spectrum of initiatives covering the emissions resulting from the activities of the Group and its stakeholders. In doing so, it becomes the first listed real estate company to address the very wide scope of indirect emissions resulting from construction works, consumption of energy by tenants and transport used by all users of its sites (employees and visitors).

“Better Places 2030” addresses the main challenges facing commercial real estate for the next 15 years: moving toward a low-carbon economy, anticipating new modes of sustainable mobility and fully integrating the Group’s business activities with the local communities.

This global approach revolves around 4 pillars on the theme of “less is better”:

1. “Less carbon emissions, better buildings” The Group’s objective is to reduce by -50% the carbon footprint of all its buildings by: – Reducing by -35% the carbon footprint from the construction of new development projects, through a sober building approach applied from conception and the use of low-carbon materials. – Reducing by -70% the carbon footprint from the operation of existing assets, through the systematic use of 100% LED lighting solutions and green electricity.

2. “Less polluting transport, better connectivity” Connecting 100% of our shopping centres to sustainable modes of transport. The Group’s strategy aims at reducing by -50% its carbon footprint due to visitors and employees transportation. Unibail-Rodamco sets itself a challenging target that, by 2030, at least 75% of all visitors come to its centres by a sustainable means of transport. The Group will also reduce the footprint due to retailer logistics by offering a set of pooled logistical solutions for tenant deliveries.

3. “Less local unemployment, better communities” 100% of our shopping centres committed to supporting local employment and economic development. Unibail-Rodamco builds long-term partnerships with institutional bodies, economic players and nonprofit organizations involved in the regions the Group operates. Launched in 2015, the UR for Jobs initiative aims at training and supporting the recruitment of low skilled youth by retailers and service providers in our shopping centres. The programme will be rolled out to all European shopping centres of the Group welcoming annually 6 million visits and above. The ultimate goal is to help hire at least 1,000 young people per year.

4. “Less top-down, better collective power” 100% of our workforce committed to sustainable development. A CSR strategy is fully effective only if supported by all employees and stakeholders. Thus, the members of the Management Board, the Group Management Team and Country Management Teams will have both individual and collective goals related to the “Better Places 2030” strategy as of 2017. These goals will be extended to all Groups employees by 2018. Furthermore, specific partnerships will be initiated with retailers, construction and energy companies to enhance the implementation of this strategy, such as the agreements signed today with Sephora and Engie.

About Unibail-Rodamco

Created in 1968, Unibail-Rodamco SE is Europe’s largest listed commercial property company, with a presence in 11 EU countries, and a portfolio of assets valued at €39.3 billion as of June 30, 2016. As an integrated operator, investor and developer, the Group aims to cover the whole of the real estate value creation chain. With the support of its 1,985 professionals, Unibail-Rodamco applies those skills to highly specialised market segments such as large shopping centres in major European cities and large offices and convention & exhibition centres in the Paris region. The Group distinguishes itself through its focus on the highest architectural, city planning and environmental standards. Its long term approach and sustainable vision focuses on the development or redevelopment of outstanding places to shop, work and relax. Its commitment to environmental, economic and social sustainability has been recognised by inclusion in the FTSE4Good and STOXX Global ESG Leaders indexes. The Group is a member of the CAC 40, AEX 25 and EuroSTOXX 50 indices. It benefits from an A rating from Standard & Poor’s and Fitch Ratings. For more information, please visit our website www.unibail-rodamco.com

For further information, please contact:
Investor Relations:
Zeineb Slimane
+33 1 76 77 57 22
zeineb.slimane@unibail-rodamco.com

Marine Huet
+33 1 76 77 58 02
marine.huet@unibail-rodamco.com

Media Relations:
Pauline Duclos-Lenoir
+33 1 76 77 57 94
pauline.duclos-lenoir@unibail-rodamco.com

Source: Unibail-Rodamco

Unibail-Rodamco signs agreement with the city of Hamburg for the urban planning and acquisition of land in Überseequartier

Paris, Amsterdam, 2014-12-12 — /EPR Retail News/ — Unibail-Rodamco, Europe’s leading listed commercial property company, has signed an agreement with the city of Hamburg for the urban planning and acquisition of land in Überseequartier. This includes the acquisition of land plots from former owners. The agreement is subject to ratification by the State Parliament of Hamburg. The development project is located approx. 1 km south of the city center of Hamburg, in the heart of the HafenCity area, Europe’s biggest inner city development project (157ha).

In partnership with the City of Hamburg, Unibail-Rodamco will create through mfi AG, its German subsidiary, an exceptional destination in this unique cultural and touristic area on the banks of the Elbe river. The project will include retail, restaurants, a multi-screen cinema, a cruise terminal, offices, housing and a hotel, covering a total of 184,000 square meters¹ of which 50% will be dedicated to leisure and retail. The project will represent an investment of €860 Mn – 100% privately funded. The opening of the retail and entertainment components of the project is targeted for the second half of
2021.

Fully accessible with an existing dedicated metro station and 2,950 new parking places, Überseequartier will offer customers an innovative retail experience with 190 shops, among which many new international premium retailers. Unibail-Rodamco will deploy its latest leading initiatives such as the 4 Star label, iconic shopfronts, “The Designer Gallery”, and the Dining Experience™ (with an exquisite dining plaza overlooking the Elbe river) to create the new standards of shopping. This development will set the benchmark for future retail and leisure environments. The project will also include new generation offices designed by world famous architect Christian de Portzamparc, Pritzker Prize 1994.

The Überseequartier project has a strategic location in the heart of Germany’s second largest city with a growing population, currently at 1.7 million inhabitants. A low unemployment rate (5.4%) and a GDP per capita 64% above the German average make the region of Hamburg one of the wealthiest and most dynamic in Europe.

With 1 Mn inhabitants living in a 20-minute radius, Überseequartier also attracts numerous tourists, including 600,000 cruise passengers in 2014. This figure is expected to exceed 1 Mn beyond 2021.

Furthermore, the number of overnight stays in hotels in the city of Hamburg is expected to grow from 12.1 Mn in 2014 to 18 Mn in 2020.

Christophe Cuvillier, CEO and Chairman of the Management Board of Unibail-Rodamco, said: “Überseequartier project is perfectly in line with Unibail-Rodamco’s strategy, which focuses on largest assets in prime catchment areas in Europe, and its ambition to accelerate its growth and create longterm value in Germany. After the award of the Neo/Mall of Europe project in Brussels earlier this year, the Group is proud to enter into a partnership with the City of Hamburg for the development of HafenCity, Europe’s biggest inner city development project in one of the most dynamic regions of the Continent.”

¹based on a contractual GFA of 228,300 square meters.

 

For further information, please contact:

Investor Relations
Julie Coulot
+33 1 76 77 57 22

Media Relations
Pauline Duclos-Lenoir
+33 1 76 77 57 94

About Unibail-Rodamco
Created in 1968, Unibail-Rodamco SE is Europe’s largest listed commercial property company, with a presence in 12 EU countries, and a portfolio of assets valued at €33.6 billion as of June 30, 2014. As an integrated operator, investor and developer, the Group covers the whole of the real estate value creation chain. With the support of its 1,550 professionals, Unibail-Rodamco applies those skills to highly specialised market segments such as large shopping centres in major European cities and large offices and convention & exhibition centres in the Paris region. The Group distinguishes itself through its focus on the highest architectural, city planning and environmental standards. Its long term approach and sustainable vision focuses on the development or redevelopment of outstanding places to shop, work and relax. Its commitment to environmental, economic and social sustainability has been recognised by inclusion in the DJSI (World and Europe), FTSE4Good and STOXX Global ESG Leaders indexes. The Group is a member of the CAC 40, AEX 25 and EuroSTOXX 50 indices. It benefits from an A rating from Standard & Poor’s and Fitch Ratings.

For more information, please visit our website: www.unibail-rodamco.com

Wereldhave offers to acquire €850M portfolio of six non-core shopping centres located in France from Unibail-Rodamco

Paris, Amsterdam, 2014-10-20— /EPR Retail News/ — Unibail-Rodamco and Wereldhave have entered today into an agreement pursuant to which Wereldhave offers to acquire a portfolio of six non-core shopping centres located in France, including:

Shopping Centre City/Region Complex

GLA (m²)

 

Unibail-Rodamco

consolidated GLA (m²)

Number of visits

in 2013 (Mn)

 

Rivétoile Strasbourg 28,400 28,400 5.8
Docks 76 Rouen 37,600 37,600 4.0
Saint Sever Rouen 45,400 34,400 9.8
Meriadeck¹-Passages Meriadeck Bordeaux 39,500 32,400 12.7

 

Côté Seine Paris region 28,900 16,200 5.8
Docks Vauban Le Havre 53,500 53,500 5.4

The total consideration² of the proposed transaction amounts to €850 Mn, representing a net initial yield³ of 5.5% and an average value per m² of €4,200/m².

Further to this agreement, Unibail-Rodamco has granted Wereldhave an exclusivity period ending on November 10, 2014, during which Unibail-Rodamco’s work council will be consulted. The signing of the final and binding documentation is expected to occur in November 2014.

Closing of the transaction is expected to occur before year end 2014 and is subject to customary conditions precedent, including regulatory approvals and Wereldhave’s shareholders approval.

“Unibail-Rodamco is pleased to have reached an agreement with Wereldhave, a party which, as a specialist in mid-sized shopping centres, will be able to manage these malls to their full potential. This transaction, part of the disposal programme of retail assets announced in February this year, will allow the Group to continue to sharpen its focus on large regional shopping centres.” Christophe Cuvillier, CEO and Chairman of the Management Board

¹ Meriadeck owned at 61% and fully consolidated (conso. GLA shown at 100%). Passages Meriadeck owned at 100%
² Asset values at 100%, including transfer taxes and transaction costs. Final consideration subject to the establishment of the completion accounts
³ Annualised portfolio contracted rent (including latest indexation and including a one-year rental guarantee) net of expenses, divided by the asset values

For further information, please contact:
Investor Relations
Pierre-Marie Battesti
+33 1 76 77 56 97
Media Relations
Pauline Duclos-Lenoir
+33 1 76 77 57 94

About Unibail-Rodamco
Created in 1968, Unibail-Rodamco SE is Europe’s largest listed commercial property company, with a presence in 12 EU countries, and a portfolio of assets valued at €33.6 billion as of June 30, 2014. As an integrated operator, investor and developer, the Group covers the whole of the real estate value creation chain. With the support of its 1,550 professionals, Unibail-Rodamco applies those skills to highly specialised market segments such as large shopping centres in major European cities and large offices and convention & exhibition centres in the Paris region.

The Group distinguishes itself through its focus on the highest architectural, city planning and environmental standards. Its long term approach and sustainable vision focuses on the development or redevelopment of outstanding places to shop, work and relax. Its commitment to environmental,
economic and social sustainability has been recognised by inclusion in the DJSI (World and Europe), FTSE4Good and STOXX Global ESG Leaders indexes.

The Group is a member of the CAC 40, AEX 25 and EuroSTOXX 50 indices. It benefits from an A rating from Standard & Poor’s and Fitch Ratings.

For more information, please visit our website: www.unibail-rodamco.com