Unibail-Rodamco-Westfield (URW) has completed the disposals of the Village 3, 4 and 6 office buildings, located in La Défense (Paris region) to French institutional investors.
Village 3 was sold to an institutional fund managed by La Française Real Estate Managers on March 4, 2021. Village 4 and 6 were sold to institutional funds managed by Perial AM on March 17, 2021.
Agreements for the disposals were signed in December 2020. The total net disposal price of both transactions is €213 million.
With these transactions, and the completion of the SHiFT disposal earlier this year, €0.8 Bn of the €4 Bn European asset disposal programme has been completed, said URW in a statement.