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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
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- Property Debt Breakfast
20 June 2012
London
Unibail-Rodamco has no interest in Coeur Défense; seeks assets to add value
Unibail-Rodamco, the French-Dutch retail mall, office and conference centre REIT, has no interest in re-acquiring Coeur Défense, stuck in the Lehman Brothers insolvency, says CFO Peter Rossum. It does not fit the strategy of pro-active asset management. "What we're looking for are shopping centres with growth potential," Rossum told PIE. France's Unibail merged in 2006 with the Dutch Rodamco group, and the combined entity now owns 469 shopping centres 111 office assets and 54 convention and exhibition buildings. Valued at around e12bn it is the largest cap listed real estate group in Europe by far, and Rossum says the portfolio mix works well.