Unibail-Rodamco-Westfield news and archive

URW combines Northern European business, new COO to lead from London

Unibail-Rodamco-Westfield (URW), the parent company of shopping centre chain Westfield, has announced the combination of its Northern European business, which will be led by its new London-based chief operating officer, Vincent Jean-Pierre. The new format will see the company’s UK, Dutch, Danish and Swedish operations combine under one umbrella....

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Unibail-Rodamco-Westfield sells partial stake in shopping centre Forum des Halles

CDC Investissement Immobilier, a subsidiary of the French public sector financial institution Caisse des Dépôts (CDC), has acquired a 15 percent stake in Forum des Hall. The agreement signed with Unibail-Rodamco-Westfield (URW), the current owner of the iconic Parisian shopping centre, reflects a net sale amount of 235 million euros. The...

Retail

URW reveals development plans for Westfield Old Orchard in Illinois

Unibail-Rodamco-Westfield (URW) has unveiled an array of development plans for its Westfield Old Orchard site in Skokie, Illinois. The company said the North Shore destination will be “unlike anything else in Chicagoland”, with a park, event space and various amenities to be added to the modernised retail centre. The multi-phase plan already...

Retail

URW set to open three new Westfield flagships throughout Europe

Unibail-Rodamco-Westfield (URW) has announced it will be furthering the roll out of its Westfield brand into Spain, Sweden and Poland. In autumn, the retail group will be rebranding three of its centres into Westfield flagship stores, including Parquesur in Madrid, Taby Centrum in Stockholm and Galeria Mokotow in Warsaw. It comes as part of URW’...

Retail

Westfield sees return of global brands for festive shopping

Westfield London has welcomed back a variety of global brands for the festive shopping period. Coming to Westfield London and Westfield Stratford City, the brands look to engage with visitors with pop-ups and in centre activations. Both London centres have seen around 40 million visitors since they reopened in spring. In Westfield London, Nike...

People

Westfield hires new Chief Customer Officer, Caroline Puechoultres

Unibail-Rodamco-Westfield has hired Caroline Puechoultres as Chief Customer Officer, effective July 15, 2021. URW, which owns the Westfield London and Westfield Stratford City shopping centres, revealed Caroline will be responsible for growing the company’s consumer offering and strengthening commercial partnerships. She will also play a key...

RetailFeatured

Westfield reveals that community is a top priority for retail in 2021

Unibail-Rodamco-Westfield has released new research on the impact of the pandemic on the future of retail, which reveals that community has emerged as a top priority for consumers, suggesting that locally morphed experiences will allow physical retail to thrive in 2021 and beyond. In its ‘Westfield How We Shop: What’s Changed’ report the...

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Westfield owner URW responds to 'market rumours' about equity raise

Shopping mall operator and owner of Westfield London, Unibail-Rodamco-Westfield (URW), has responded to “market rumours” about a potential rights issue. A report last week by Bloomberg suggested the company was looking to raise 3.5 billion dollars (2.67 billion pounds) in fresh equity. The company's full statement read: “As detailed in its...