Unibail-Rodamco, Europe's largest listed real estate company, has confirmed that it is to distribute EUR 20 per share to shareholders. Shareholders backed the distribution proposal during a general meeting this week. The distribution will be paid on 12 October 12.
Unibail-Rodamco, Europe's largest listed real estate company, has confirmed that it is to distribute EUR 20 per share to shareholders. Shareholders backed the distribution proposal during a general meeting this week. The distribution will be paid on 12 October 12.
Unibail-Rodamco unveiled proposal for the EUR 1.8 bn payout to its shareholders at end-July. Announcing its results for the first six months of 2010, the company said that the total sum was broadly in line with the disposal proceeds achieved, net of acquisitions, since the merger of Paris-based Unibail and Rodamco Europe of the Netherlands four years ago.
Unibail-Rodamco focuses on prime and dominant shopping centres in large European cities. In the past year it has divested some EUR 4 bn worth of non-core assets.
Unibail-Rodamco now operates in 12 countries across the continent. Its portfolio of shopping centres, offices and convention-exhibition venues was valued at EUR 23.3 bn at end-June 2010.
