Find in the news:
BY COUNTRY

Unibail to sell French Nicetoile mall in $390 million deal



Paris-based property company Unibail-Rodamco SE has announced plans to sell Nicetoile shopping center in the French city of Nice.
The buyers are Allianz SE and Hammerson PLC. Allianz will purchase 90% of the French mall, while the rest is being bought by Hammerson, who will go on to manage the complex. 

It is the 3rd shopping mall sale that Unibail-Rodamco has confirmed in the last 4 few months. Back in February the firm said that it would sell off malls valued at up to €2 billion in order to concentrate on its bigger assets. This selling off was planned to take place over the next 5 years.  

In fact, this new deal pushes the value of malls sold by Europe’s largest property company over the €2 billion mark. Christophe Cuvillier is the Chairman and the Chief Executive of Unibail-Rodamco. He said that this new deal – valued at €312.5 million ($390 million) – “largely completes” the firm’s anticipated streamlining of its portfolio of shopping malls across France. The net initial yield on this deal has been calculated by the selling firm as being 5%.
Nicetoile Mall
The Nicetoile mall includes a total of 15,389m2 of retail area, while there is also office space adding up to 2,018m2. Among the top brand names represented here are Swarovski and Sephora, with a variety of restaurants and cafes in addition to the stores. The shopping mall receives an estimated 13 million visitors every year.  It is centrally located in the main shopping area of the French coastal city and is a short walk from the main train station.  

Last month Unibail-Rodamco announced the sale of 6 of its shopping malls in France to Wereldhave NV, for a cost of €850 million. A few months earlier it had agreed a deal to sell 6 of its other malls to Carmila in a deal worth €931 million.


More about shopping malls in France



May 14, 2021, USA:
The largest U.S. retailer is putting more effort into gaining a stronger foothold in the fashion market.
May 13, 2021, Italy:
Diesel has announced a new phase of its For Responsible Living sustainability initiative, Diesel Library.
May 12, 2021, USA:
L Brands does not intend to sell its women's lingerie brand Victoria's Secret and separate it into a separate public company.
May 11, 2021, USA:
Charlie and Dixie D'Amelio will be the faces of a new clothing brand for teens called Social Tourist.
May 11, 2021, USA:
There is something of a state of euphoria in the actions of shoppers who have had the opportunity to return to shopping malls.
May 11, 2021, USA:
The primary demand of the protests, scheduled for May 19, is an increase in the minimum wage.
Friend
and Follow
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us